Income-tax Act, 1961

Section - 143 - Assessment

Assessment.

143. (1) Where a return has been made under section 139, or in response to a notice under sub-section (1) of section 142, such return shall be processed in the following manner, namely:-

(a)- the total income or loss shall be computed after making the following adjustments, namely:-
(i)- any arithmetical error in the return;
(ii)- an incorrect claim, if such incorrect claim is apparent from any information in the return;
98[(iia)-any such inconsistency in the return, with respect to the information in the return of any preceding previous year, as may be prescribed;]
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