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of <h1>Income Tax Act Section 143(1): Preliminary Return Check Allows Adjustments for Errors and Incorrect Claims, Taxpayer Notification Required.</h1> Under section 143(1) of the Income Tax Act, the assessment process involves a preliminary check of the income tax return without detailed scrutiny. Adjustments may be made for arithmetical errors, incorrect claims apparent from the return, disallowance of losses or expenditures not accounted for, and deductions claimed beyond the due date. Income not included in the return but appearing in forms like 26AS, 16A, or 16 can also be added. Adjustments require notifying the taxpayer, who can respond within thirty days. Incorrect claims are identified based on inconsistencies, missing required information, or exceeding statutory limits.
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