TMI BlogAmendment of Section 143X X X X Extracts X X X X X X X X Extracts X X X X ..... g manner, namely:— ( a ) the total income or loss shall be computed after making the following adjustments, namely:— ( i ) any arithmetical error in the return; or ( ii ) an incorrect claim, if such incorrect claim is apparent from any information in the return; ( b ) the tax and interest, if any, shall be computed on the basis of the total income computed under clause ( a ); ( c ) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... l be granted to the assessee: Provided that an intimation shall also be sent to the assessee in a case where the loss declared in the return by the assessee is reduced but no tax or interest is payable by, or no refund is due to, him: Provided further that no intimation under this sub-section shall be sent after the expiry of one year from the end of the financial year in which the return is m ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... re no adjustment has been made under clause ( a ). ( 1A ) For the purposes of processing of returns under sub-section ( 1 ), the Board may make a scheme for centralised processing of returns with a view to expeditiously determining the tax payable by, or the refund due to, the assessee as required under the said sub-section. ( 1B ) Save as otherwise expressly provided, for the purpose of giving ..... X X X X Extracts X X X X X X X X Extracts X X X X
|