Intimation u/s 143(1)

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Querist : Anonymous

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Querist : Anonymous (Querist)
04 August 2010 As per sec.143(1) intimation for tax payable shall not be sent after expiry of one year from the end of financial year in vich return is filed.

Does this mean that if assessing officer fails to give intimation of tax payable in stipulated tym them assessee will not be liable to pay tax???
rply

04 August 2010 yes, but point to be noted that service of intimation may be after that date.

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Querist : Anonymous

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Querist : Anonymous (Querist)
04 August 2010 Bt in case of saurashtra cement it is written tht non-intimation shall not vipe off the tax liability...rply

04 August 2010 yes you are right, but as i mention date of service of notice may be after 31 st march.

05 August 2010 intimation is to be sent within one year, if it is not sent and as per records apparent tax is payable notice u/s 154 may be issued by the AO


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