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Chapter No. 07 - REVISED RETURN [Sec. 139(5)]
Whether Assessment Made Under Section 143(1) Would Be Considered as Assessment For Revised Return?
An intimation served to the assessee under section 143(1) will not constitute an “assessment”. Consequently, if an assessee files a revised return after the service of an intimation under section 143(1) (but before the time given above) it will be duly considered by the Assessing Officer-S.R. Koshti v. CIT[2004] (12) TMI (62) Gujarat High Court.
Assessment under section 143(1) not an assessment; revised return filed after intimation remains valid for consideration. An intimation issued under section 143(1) is procedural and does not constitute a formal assessment; therefore a revised return filed after such an intimation but within the statutory period must be treated as duly filed and considered by the Assessing Officer. of Press 'Enter' after typing page number.
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