https://www.taxtmi.com/acts?id=3296 Section 143 provides a two-track assessment scheme: summary processing of returns with specified adjustments (arithmetical errors, apparent incorrect claims, late prior-year claim disallowances, audit-identified increases, and additions from information returns), computation of tax, interest and fee on the adjusted total, set-off of credits and reliefs, and issuance of intimation specifying tax payable or refund; alternatively, where the Assessing Officer issues a notice requiring evidence or attendance, a full assessment is made after hearing evidence. Centralised processing and assessment schemes may be prescribed, and special safeguards apply for entities enjoying statutory approvals or exemptions. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 28 Aug 2025 15:12:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=3296 Section 143 provides a two-track assessment scheme: summary processing of returns with specified adjustments (arithmetical errors, apparent incorrect claims, late prior-year claim disallowances, audit-identified increases, and additions from information returns), computation of tax, interest and fee on the adjusted total, set-off of credits and reliefs, and issuance of intimation specifying tax payable or refund; alternatively, where the Assessing Officer issues a notice requiring evidence or attendance, a full assessment is made after hearing evidence. Centralised processing and assessment schemes may be prescribed, and special safeguards apply for entities enjoying statutory approvals or exemptions. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=3296