PROCEEDINGS UNDER SECTION 154 OF THE INCOME ACT, 1961 FOR RECTIFICATION CANNOT BE INITIATED AFTER ISSUANCE OF NOTICE UNDER SECTION 143(2) BY THE ASSESSING OFFICER TO THE ASSESSEE.

PROCEEDINGS UNDER SECTION 154 OF THE INCOME ACT, 1961 FOR RECTIFICATION CANNOT BE INITIATED AFTER ISSUANCE OF NOTICE UNDER SECTION 143(2) BY THE ASSESSING OFFICER TO THE ASSESSEE. https://www.taxtmi.com/article/detailed?id=1442 The article concludes that once a notice under Section 143(2) has been issued, proceedings for rectification under Section 154 should not be initiated; intimation orders under Section 143(1)(a) inconsistent with a later regular assessment cease to be operative, rectification is limited to correcting an error apparent on the record, and any change should be made in the assessment under Section 143(3) rather than by exercising Section 154 during pending scrutiny. en-us Wed, 28 Sep 2011 17:39:03 +0530 Wed, 28 Sep 2011 17:39:03 +0530 TaxTMI RSS Generator PROCEEDINGS UNDER SECTION 154 OF THE INCOME ACT, 1961 FOR RECTIFICATION CANNOT BE INITIATED AFTER ISSUANCE OF NOTICE UNDER SECTION 143(2) BY THE ASSESSING OFFICER TO THE ASSESSEE. https://www.taxtmi.com/article/detailed?id=1442 The article concludes that once a notice under Section 143(2) has been issued, proceedings for rectification under Section 154 should not be initiated; intimation orders under Section 143(1)(a) inconsistent with a later regular assessment cease to be operative, rectification is limited to correcting an error apparent on the record, and any change should be made in the assessment under Section 143(3) rather than by exercising Section 154 during pending scrutiny. Articles Income Tax Wed, 28 Sep 2011 17:39:03 +0530 https://www.taxtmi.com/article/detailed?id=1442