https://www.taxtmi.com/manuals?id=1339 Processing of return requires computing total income or loss after adjustments for arithmetical errors, incorrect claims apparent from the return, prescribed inter year inconsistencies, disallowance of loss set off where prior year return was late, disallowance of audit indicated expenditures, disallowance of certain belated deductions, and addition of income reflected in prescribed information statements. An intimation must be issued before adjustments and within nine months of the financial year end; mandatory processing is required before certain assessment actions, and refunds may be withheld or set off with recorded reasons and prior approvals. en-us Mon, 21 Dec 2015 16:27:00 +0530 Wed, 09 Apr 2025 17:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1339 Processing of return requires computing total income or loss after adjustments for arithmetical errors, incorrect claims apparent from the return, prescribed inter year inconsistencies, disallowance of loss set off where prior year return was late, disallowance of audit indicated expenditures, disallowance of certain belated deductions, and addition of income reflected in prescribed information statements. An intimation must be issued before adjustments and within nine months of the financial year end; mandatory processing is required before certain assessment actions, and refunds may be withheld or set off with recorded reasons and prior approvals. Manuals Income Tax Mon, 21 Dec 2015 16:27:00 +0530 https://www.taxtmi.com/manuals?id=1339