https://www.taxtmi.com/acts?id=10933 The Department must process returns by correcting arithmetical errors and disallowing incorrect claims apparent from the return, compute tax and interest on the adjusted tax base, and determine amounts payable or refundable after crediting prepaid taxes; it must send an intimation to the assessee of the computed tax bases, liabilities, credits and payable or refundable sums. If the return is processed after twelve months from the end of the month of filing, no demand notice may be issued for adjustments. The section permits centralised processing and defines when a claim is an apparent incorrect claim and what constitutes sums payable on adjustment. en-us Thu, 20 Aug 2009 13:13:45 +0530 Thu, 20 Aug 2009 13:13:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=10933 The Department must process returns by correcting arithmetical errors and disallowing incorrect claims apparent from the return, compute tax and interest on the adjusted tax base, and determine amounts payable or refundable after crediting prepaid taxes; it must send an intimation to the assessee of the computed tax bases, liabilities, credits and payable or refundable sums. If the return is processed after twelve months from the end of the month of filing, no demand notice may be issued for adjustments. The section permits centralised processing and defines when a claim is an apparent incorrect claim and what constitutes sums payable on adjustment. Act-Rules Bills Thu, 20 Aug 2009 13:13:45 +0530 https://www.taxtmi.com/acts?id=10933