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of <h1>Income Tax Act Section 143 Amended: New Assessment Procedures Effective 1989, Limits on Adjustments, Taxpayer Rights Outlined.</h1> The Direct Laws (Amendment) Act, 1987, substituted Section 143 of the Income Tax Act, effective April 1, 1989, outlining new assessment procedures. Under this, if tax or interest is due based on a return filed under Section 142(1), an intimation is sent to the taxpayer. Adjustments for arithmetical errors and prima facie admissible or inadmissible claims are specified. These adjustments apply only from the 1989-90 assessment year onward. The procedure is limited to cases where tax, interest, or refunds are due. Assessing officers cannot rely on past assessments for adjustments and must adhere to Supreme Court guidelines for obvious errors. Taxpayers can challenge improper adjustments under Section 154.
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