https://www.taxtmi.com/acts?id=51815 Assessment of returns provides for limited prima facie adjustments for arithmetical errors, apparent incorrect claims, inconsistencies, late-filed loss claims, audit-report omissions, and specified deduction disallowances, followed by computation of tax, interest and fee, set-off of taxes and reliefs, and issuance of intimation or refund. Before adjustment, the assessee must be notified and heard. The provision also governs centralised processing, scrutiny notice, regular assessment, and special restrictions for approved or registered entities, with tax or refund paid at processing stage treated appropriately on regular assessment. en-us Thu, 14 Aug 2025 17:20:59 +0530 Mon, 06 Apr 2026 11:44:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=51815 Assessment of returns provides for limited prima facie adjustments for arithmetical errors, apparent incorrect claims, inconsistencies, late-filed loss claims, audit-report omissions, and specified deduction disallowances, followed by computation of tax, interest and fee, set-off of taxes and reliefs, and issuance of intimation or refund. Before adjustment, the assessee must be notified and heard. The provision also governs centralised processing, scrutiny notice, regular assessment, and special restrictions for approved or registered entities, with tax or refund paid at processing stage treated appropriately on regular assessment. Act-Rules Income Tax Thu, 14 Aug 2025 17:20:59 +0530 https://www.taxtmi.com/acts?id=51815