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of <h1>Intimation u/s 143(1) is Not an 'Assessment,' Allows Revised Tax Returns: Gujarat High Court Clarifies.</h1> An intimation under Section 143(1) of the Income Tax Act does not qualify as an 'assessment.' Therefore, if a taxpayer submits a revised return following such an intimation but within the permissible time frame, the revised return will be considered by the Assessing Officer. This interpretation aligns with the Gujarat High Court's decision in the case of S.R. Koshti v. CIT, which clarifies that an intimation does not finalize the assessment, allowing for subsequent revisions by the taxpayer.
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