Unsatisfactory e-verification explanation may prompt an advised return update and trigger risk-based assessment proceedings and penalties. If an explanation to an e-Verification query is unsatisfactory, the taxpayer is notified that the explanation does not explain the mismatch and is advised to update the return of income if eligible; failure to update within the due time may lead to risk-assessment initiated proceedings such as Assessment or Re-assessment, potentially resulting in tax demand and penalties.
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.
Unsatisfactory e-verification explanation may prompt an advised return update and trigger risk-based assessment proceedings and penalties.
If an explanation to an e-Verification query is unsatisfactory, the taxpayer is notified that the explanation does not explain the mismatch and is advised to update the return of income if eligible; failure to update within the due time may lead to risk-assessment initiated proceedings such as Assessment or Re-assessment, potentially resulting in tax demand and penalties.
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