Revised computation

[CASUNIL BHANSALI]

Wheather an Assessee can filed a revised computation during the proceeding u/s 143(2) of IT Act? If Yes under which provision.

[Mukesh Kumar]

Yes, the reason is simple the assessment u/s 143(2) / 143(3) is an assessment and it is the duty of the AO to make the correct assessment.

AI Summary

Assessment under section 143(2) permits filing revised computation during proceedings to ensure a correct assessment by the assessing officer. A revised computation can be filed during proceedings under assessment u/s 143(2) / 143(3) because the assessment process requires the assessing officer to make a correct assessment and thus permits corrected figures to be furnished so the AO can discharge the duty to make a correct assessment.