https://www.taxtmi.com/caselaws?id=251871 The Calcutta High Court ruled in favor of the appellant, holding that the intimation under Section 143(1) of the Income Tax Act did not signify the completion of assessment. The Court allowed the filing of a revised return within the specified time frame, rejecting the Revenue's argument that the assessment was finalized upon the issuance of the intimation. The decision relied on the distinction between intimation and assessment under Section 143(1) and emphasized that further assessment could be conducted under Section 143(2) if necessary. The judgment supported the appellant's position based on legal provisions and precedents, clarifying the assessment completion process. en-us Mon, 22 Sep 2014 00:00:00 +0530 Thu, 19 Feb 2015 12:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251871 The Calcutta High Court ruled in favor of the appellant, holding that the intimation under Section 143(1) of the Income Tax Act did not signify the completion of assessment. The Court allowed the filing of a revised return within the specified time frame, rejecting the Revenue's argument that the assessment was finalized upon the issuance of the intimation. The decision relied on the distinction between intimation and assessment under Section 143(1) and emphasized that further assessment could be conducted under Section 143(2) if necessary. The judgment supported the appellant's position based on legal provisions and precedents, clarifying the assessment completion process. Case-Laws Income Tax Mon, 22 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251871