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of <h1>Clause 270 allows summary processing of income-tax returns to fix errors, compute tax/refund, and adjust payments after 30-day notice</h1> Clause 270 permits summary processing of income-tax returns to correct arithmetical errors and 'incorrect claims apparent from the return,' compute tax/interest/refund, and adjust payments after giving a 30-day response opportunity; notices must be issued within three months and intimations within nine months of year-end. The enacted Act is marginally more prescriptive about intimations and explicitly adds a ground allowing prescribed cross-year inconsistency checks, expanding automatic adjustment scope versus the original Bill. Both versions preserve special sequencing and safeguards for exempt/non-profit entities, with practical emphasis on timely, complete returns and retention of supporting information to avoid summary disallowances.
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