https://www.taxtmi.com/forum/issue?id=117921 Reassessment recorded nil income for a registered charitable society although the attached computation sheet showed a demand due to omission of previously allowed accumulation treatment; the omission lacked substantive basis for disallowance. Because demand can be raised only by the operative order, a nil assessment order precludes creation of a valid demand, and the taxpayer may file a rectification application with the jurisdictional assessing officer to correct the computation, noting limitations of the online rectification facility for recent assessment years. en-us Tue, 19 Apr 2022 13:16:21 +0530 Thu, 23 Jan 2025 15:54:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=117921 Reassessment recorded nil income for a registered charitable society although the attached computation sheet showed a demand due to omission of previously allowed accumulation treatment; the omission lacked substantive basis for disallowance. Because demand can be raised only by the operative order, a nil assessment order precludes creation of a valid demand, and the taxpayer may file a rectification application with the jurisdictional assessing officer to correct the computation, noting limitations of the online rectification facility for recent assessment years. Discussion-Forum Income Tax Tue, 19 Apr 2022 13:16:21 +0530 https://www.taxtmi.com/forum/issue?id=117921