INTIMATION UNDER SEC 143(1)
This query is : Resolved
04 October 2008
According to finance act 2008 amendment Primafacie adjustments on return filed can be made and intimation shall be served.
Primafacie adjustments means non desputable one .
Whether such intimation can be revised by CIT under section 263.
Whether it can treated as intimation or assessment order.
Kindly clarify me in this regard.
Primafacie adjustments means non desputable one .
Whether such intimation can be revised by CIT under section 263.
Whether it can treated as intimation or assessment order.
Kindly clarify me in this regard.
04 October 2008
prima facie adjustment can't turn the intimation to assesssement order. therefore can't be revised u/s 263.
04 October 2008
Appreciation for the correct answer.
04 October 2008
The matters, which are not subject matter of appeal in that order, can be revised.
04 October 2008
Commissioner on his own motion, can call for the records and examine and revise the order.
04 October 2008
Anderson Marine & Sons P ltd:
Power of commissioner to Revise Intimation u/s 143(1):
Intimation sent by the AO, in law, will have to be understood as having the force of an order on self-assessment and it shall be deemed to be notice of demand issued u/s 156. Such an intimation is also subject to revision u/s 263 of the act by the commissioner.
Power of commissioner to Revise Intimation u/s 143(1):
Intimation sent by the AO, in law, will have to be understood as having the force of an order on self-assessment and it shall be deemed to be notice of demand issued u/s 156. Such an intimation is also subject to revision u/s 263 of the act by the commissioner.
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