Processing of statement - Section 168, Finance Act, 2016

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....all be computed after making the adjustment for any arithmetical error in the statement; * the interest, if any, shall be computed on the basis of sum deductible or payable, as the case may be, as computed in the statement; * the sum payable by, or the amount of refund due to, the assessee or e-commerce operator shall be determined after adjustment of the amount computed under clause (b) again....

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....onsequence of any order passed under the equalisation levy provisions, the Assessing Officer shall serve upon the assessee a notice of demand in Form No. 2 specifying the sum so payable. Further, intimation issued upon processing of the statement or revised statement shall also be deemed to be a notice of demand. As per Para 6 of Centralised Processing of Equalisation Levy Statement Scheme, 202....

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....ued under section 168 of the Act, within one year from the end of the financial year in which the intimation sought to be amended was issued. * Statement not processed due to technical issue * Wherever an Equalisation Levy Statement cannot be processed in the Centre for any reasons, the Commissioner shall arrange to transmit such return to the Assessing Officer having jurisdiction in respect o....