Asmt 10

It's Notice for informing discrepancy in Return.

Required to reply for above notice by furnishing ASMT-11 : Either accept the discrepancy & deposit the tax, interest or any other amount payable in relation to Notice received or furnished the explanation for the discrepancy.

As per Section 61(2) R/w rule 99(2), if the explanation given is found to be accepted then no further action is taken in this regard .

Unnless initiate appropriate action
including under Section 65 or Section
66 or Section 67, or proceed to determine
the tax and other dues under Section
73 or Section 74.