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Provisional assessment obligation requires prompt provisional assessments and refunds when regular tax assessment remains unfinalised beyond the statutory period. A proviso requires income tax officers to make a provisional assessment and allow refund of any excess tax when the regular assessment is not finalised within the six month period; no outer time limit is prescribed, but officers must make provisional assessments and refund excess amounts promptly to protect taxpayer entitlement and departmental reputation.
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.
Provisional assessment obligation requires prompt provisional assessments and refunds when regular tax assessment remains unfinalised beyond the statutory period.
A proviso requires income tax officers to make a provisional assessment and allow refund of any excess tax when the regular assessment is not finalised within the six month period; no outer time limit is prescribed, but officers must make provisional assessments and refund excess amounts promptly to protect taxpayer entitlement and departmental reputation.
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