Assessment of returns permits prima facie adjustments, scrutiny notice, and regular assessment with special rules for approved entities. Assessment of returns provides for limited prima facie adjustments for arithmetical errors, apparent incorrect claims, inconsistencies, late-filed loss claims, audit-report omissions, and specified deduction disallowances, followed by computation of tax, interest and fee, set-off of taxes and reliefs, and issuance of intimation or refund. Before adjustment, the assessee must be notified and heard. The provision also governs centralised processing, scrutiny notice, regular assessment, and special restrictions for approved or registered entities, with tax or refund paid at processing stage treated appropriately on regular assessment.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Assessment of returns permits prima facie adjustments, scrutiny notice, and regular assessment with special rules for approved entities.
Assessment of returns provides for limited prima facie adjustments for arithmetical errors, apparent incorrect claims, inconsistencies, late-filed loss claims, audit-report omissions, and specified deduction disallowances, followed by computation of tax, interest and fee, set-off of taxes and reliefs, and issuance of intimation or refund. Before adjustment, the assessee must be notified and heard. The provision also governs centralised processing, scrutiny notice, regular assessment, and special restrictions for approved or registered entities, with tax or refund paid at processing stage treated appropriately on regular assessment.
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