Intimations
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 February 2012
sir, I Want to know the diffrence between 143(1) and 143(3). please help answer given me as a practicle think.
CA PARAS BAFNA
(Expert)
11 February 2012
143(1) -Assessment done directly be the department after making certain adjustments for deductions and tax liability etc.
.
143(3) . In this kind of assessement notices are issued to the assessee and he has to reply satisfactorily of these notices and he might have to present either personally or through his authorised representative for hearing of the case.
After hearing the assessee orders U/s 143(3) are passed.
.
Practically...
143(1)....does not create tension in the mind of the assessee whereas 143(3) does so.
.
143(3) . In this kind of assessement notices are issued to the assessee and he has to reply satisfactorily of these notices and he might have to present either personally or through his authorised representative for hearing of the case.
After hearing the assessee orders U/s 143(3) are passed.
.
Practically...
143(1)....does not create tension in the mind of the assessee whereas 143(3) does so.
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