Amendment of Section 143

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.... the following manner, namely:— (a)  the total income or loss shall be computed after making the following adjustments, namely:— (i)   any arithmetical error in the return; or (ii)  an incorrect claim, if such incorrect claim is apparent from any information in the return; (b)  the tax and interest, if any, shall be computed on the basis of the total income....

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....nce of the determination under clause (c) shall be granted to the assessee: Provided that an intimation shall also be sent to the assessee in a case where the loss declared in the return by the assessee is reduced but no tax or interest is payable by, or no refund is due to, him: Provided further that no intimation under this sub-section shall be sent after the expiry of one year from t....

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....sum is payable by, or refundable to, the assessee under clause (c), and where no adjustment has been made under clause (a). (1A) For the purposes of processing of returns under sub-section (1), the Board may make a scheme for centralised processing of returns with a view to expeditiously determining the tax payable by, or the refund due to, the assessee as required under the said sub-section.&n....