https://www.taxtmi.com/caselaws?id=14431 After issuance of notice under s.143(2), an intimation under s.143(1)(a) remains "without prejudice" to regular assessment, so assessment proceedings under s.143(3) can validly continue notwithstanding such intimation and even if a revised return is filed. During pendency of s.143(3) proceedings, the AO cannot use s.154 to recompute book profit for s.115J by purporting to rectify the earlier intimation; any permissible modification must be effected only in the s.143(3) assessment. The HC noted that the alleged error involved a debatable legal issue rather than an apparent mistake, further undermining s.154 recourse. The appeal was dismissed. en-us Thu, 15 Feb 2001 00:00:00 +0530 Wed, 07 Jan 2026 17:19:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14431 After issuance of notice under s.143(2), an intimation under s.143(1)(a) remains "without prejudice" to regular assessment, so assessment proceedings under s.143(3) can validly continue notwithstanding such intimation and even if a revised return is filed. During pendency of s.143(3) proceedings, the AO cannot use s.154 to recompute book profit for s.115J by purporting to rectify the earlier intimation; any permissible modification must be effected only in the s.143(3) assessment. The HC noted that the alleged error involved a debatable legal issue rather than an apparent mistake, further undermining s.154 recourse. The appeal was dismissed. Case-Laws Income Tax Thu, 15 Feb 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14431