Whether Assessment Made Under Section 143(1) Would Be Considered as Assessment For Revised Return?

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.

Dated: 15-12-2015