Business & Tax Consultancy
341 Points
Joined July 2008
Dear Kr R
In case of Regular Assessment - if no tax liability exist then ur IT Ack will be deemed as Assessment Order
If something is to pay or some refund is to be given then U/S 143(1) of Income Tax Act.1961 an Intimation will be first issued & then after payment or refund as the case may be, Assessment Order U/S - 143(3) of income Tax Act. 1961 is issued when servicof such orded is completed then it can be said that assessment has been completed.
If more clarifications are given by any friend then that will be welcomed.
Thanks
Debashis