Intimation u/s 143(1)


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Querist : Anonymous

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Querist : Anonymous (Querist)
20 October 2012 Dear Sir,
One of the assessee has received his refund with intimation u/s 143(1) in AY 2012-13. Whether is his assement proceeding has been completed or still department can issue him notice for regular assessment?

Please advise me.

20 October 2012 THE RETURN HAS BEEN PROCESSED AND SUMMARY ASSESSMENT HAS BEEN MADE. NO MORE PROCEEDING WILL B DONE EXCEPT IN CASE DEPPT WANTS TO TAKE CASE UNDER SCRUTINY.
CA MANOJ GUPTA'
JODHPUR
09828510543

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Querist : Anonymous

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Querist : Anonymous (Querist)
20 October 2012 In the above case, scrutiny will be initiate only on the ground of adverse material on record
or
It can be done on random basis?

20 October 2012 it can be done on random basis or on basis of any specific material

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Querist : Anonymous

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Querist : Anonymous (Querist)
20 October 2012 Suppose, department select it on random basis then what is the rationale to pass intimation u/s 143(1).

20 October 2012 Hi,
During scrutiny, If assessing officer is satisfied with all the documents, information,explanations, exemptions claimed etc. then,he can accept the return filed by assessee. It depends on the officer but if you have received intimation u/s 143(1), still scrutiny notice can be issued within prescribed time limit.

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Querist : Anonymous

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Querist : Anonymous (Querist)
20 October 2012 Suppose above said assessee is covered u/s 44ad and not claimed any exemption u/s VIA.
Then what are the chances of scrutiny and what kind of documents, AO will ask for.

20 October 2012 u please wait for the event to happen. once u receive a notice come back to us we will advise u accordingly.
CA MANOJ GUPTA
JODHPUR
09828510543

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Querist : Anonymous

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Querist : Anonymous (Querist)
21 October 2012 Manoj sir, can I call on your mobile no. for taking your advise.

21 October 2012 Please understand that Section 143(1) is only processing of return.

It is NOT assessment of income.

The department can issue notice u/s 143(2) or 147 for making an assessment.

I would suggest that you stop worrying about the notice.

If you receive one then decide the course of action to be taken. There is no point in worrying about an event which may or may not happen.

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Querist : Anonymous

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Querist : Anonymous (Querist)
21 October 2012 Hereby I just want to clear one point that if department is already processed the case and determined the refund, then what is the rationale to re-examine the case through scrutiny. It would be better to put case directly for the scrutiny.

22 October 2012 i fully agree with siddhartha
YES U CAN CALL ME ON MOBILE

22 October 2012 i fully agree with siddhartha
YES U CAN CALL ME ON MOBILE


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