Assessment procedure reforms expand intimation, deemed firm registration and refund withholding to remedy procedural anomalies. Amendments recalibrate the assessment procedure to align with the new framework by providing for deemed registration of firms upon filing where no assessment order is made, restoring pre-amendment rules for assessments of the year beginning 1 April 1988 and earlier, expanding intimation obligations when adjustments to returns are made even if no tax is payable, authorising withholding of any refund under the Act, enabling adjustment of provisional collections or refunds against demands from regular assessments, and prescribing safeguards on notice periods and penalty limitation to prevent time-bar anomalies.
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 procedure reforms expand intimation, deemed firm registration and refund withholding to remedy procedural anomalies.
Amendments recalibrate the assessment procedure to align with the new framework by providing for deemed registration of firms upon filing where no assessment order is made, restoring pre-amendment rules for assessments of the year beginning 1 April 1988 and earlier, expanding intimation obligations when adjustments to returns are made even if no tax is payable, authorising withholding of any refund under the Act, enabling adjustment of provisional collections or refunds against demands from regular assessments, and prescribing safeguards on notice periods and penalty limitation to prevent time-bar anomalies.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
