Processing of income-tax returns under section 143(1) of the Income-tax Act which were filed in Forms ITR-1 to 6 & applicability of section 143(1)(a)(vi)-reg.
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Third party information adjustments require taxpayer electronic response or automatic adjustment under section 143(1)(a)(vi), via e filing dashboard, promptly. Section 143(1)(a)(vi) permits adjustment of returned income where third party information (Form 26AS, Form 16A, Form 16) appears omitted. An initial awareness email/SMS will seek an electronic response via the e filing dashboard; failure to respond or unsatisfactory response will lead to a formal intimation and, if still unanswered within the statutory period, automatic adjustment. Responses must be: filing a revised return if fully agreed; filing a revised return plus a reconciliation statement if partially agreed; or filing a reconciliation statement if disputed. CPC ITR will then process returns under section 143(1) read with the specified provision and CBDT instructions.
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.
Third party information adjustments require taxpayer electronic response or automatic adjustment under section 143(1)(a)(vi), via e filing dashboard, promptly.
Section 143(1)(a)(vi) permits adjustment of returned income where third party information (Form 26AS, Form 16A, Form 16) appears omitted. An initial awareness email/SMS will seek an electronic response via the e filing dashboard; failure to respond or unsatisfactory response will lead to a formal intimation and, if still unanswered within the statutory period, automatic adjustment. Responses must be: filing a revised return if fully agreed; filing a revised return plus a reconciliation statement if partially agreed; or filing a reconciliation statement if disputed. CPC ITR will then process returns under section 143(1) read with the specified provision and CBDT instructions.
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