Provisional assessment must be recorded and checked to prevent tax undercharges and ensure accurate final assessments. Failure to account for refunds arising from provisional assessment u/s.141A led to tax undercharges where provisional refunds were not reflected in regular assessments; assessing officers must verify provisional assessment registers and ITNS-150A entries so prior provisional assessment results are recorded before determining additional tax, and supervisory and audit checks must ensure top cases are reviewed to prevent such calculation and credit errors.
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 must be recorded and checked to prevent tax undercharges and ensure accurate final assessments.
Failure to account for refunds arising from provisional assessment u/s.141A led to tax undercharges where provisional refunds were not reflected in regular assessments; assessing officers must verify provisional assessment registers and ITNS-150A entries so prior provisional assessment results are recorded before determining additional tax, and supervisory and audit checks must ensure top cases are reviewed to prevent such calculation and credit errors.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
