Summary assessment u/s 143(1)

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....ers should invariably be sent along with the demand notices and challans/refund vouchers etc., and delivered to the assessees within a fortnight of the completion of the assessment. 2. Section 143 of I.T. Act, 1961 was amended with effect from 1-4-71 to provide for summary assessments u/s 143(1) in comparatively unimportant cases leaving important cases for detailed assessment u/s 143(3) after ....

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....ere the assessee's returned income is accepted without any change, a rubber stamp in token of accepting the return is affixed on the face of the assessment form (ITNS 150) the stamp being to the effect "Assessed u/s 143(1) on a total income of Rs......". 4. The above-noted procedure followed in Delhi charge meets the requirements of Section 143(1) and it is recommended for adoption in other Com....