https://www.taxtmi.com/acts?id=49547 The substituted provision requires that when a return is made or filed in response to a notice, an intimation must be sent specifying tax or interest found due after adjustments, and that intimation is deemed to be a notice of demand with all consequential application of the Act; if a refund is due it must be granted with an intimation. The return acknowledgment is treated as intimation where neither tax is payable nor refund due, and no intimation may be issued after the prescribed limitation period from the end of the assessment year in which the income was first assessable. en-us Sat, 22 Feb 2025 11:33:29 +0530 Sat, 22 Feb 2025 11:33:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=49547 The substituted provision requires that when a return is made or filed in response to a notice, an intimation must be sent specifying tax or interest found due after adjustments, and that intimation is deemed to be a notice of demand with all consequential application of the Act; if a refund is due it must be granted with an intimation. The return acknowledgment is treated as intimation where neither tax is payable nor refund due, and no intimation may be issued after the prescribed limitation period from the end of the assessment year in which the income was first assessable. Act-Rules F. Acts / Amendment Acts Sat, 22 Feb 2025 11:33:29 +0530 https://www.taxtmi.com/acts?id=49547