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Assessment procedure under Income tax Act

A G Vishal Kirthic (Chartered Accoutant) (236 Points)

13 February 2011

Dear all,

Is it possible for an assessing officer to issue notice u/s 143(2) to an assessee, where the assessee had already been served with an intimation u/s 143(1)?

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6 Replies

AnandKumar (Chartered Accountant) (203 Points)
Replied 14 February 2011

Notice under section 143(2) can be issued if an intimation under section 143(1) has been issued to the assessee. Even in case where acknowledgement is deemed as an intimation under section 143(1), notice under section 143(2) can be issued to the assessee.

VEDANTA DESHIKA (Practice) (317 Points)
Replied 01 July 2011

but vice-versa is not possible... where a notice u/s 143(2) is served. an intimation u/s 143(1) is not possible :D

Vikas (CA) (1135 Points)
Replied 01 July 2011

Originally posted by : VEDANTA DESHIKA
	but vice-versa is not possible... where a notice u/s 143(2) is served. an intimation u/s 143(1) is not possible :D

Agree...

Notice u/s.143(2) for Scrutiny can be issued after the intimation u/s.143(1)...

CS,CA F,Numrologi TusharSampat (CS CA F Numerologist Astrologer Graphologist Face reader Vastu Expert) (85930 Points)
Replied 01 July 2011

AGREE WITH ABOVE VIEWS.

Prabhavathy, M.Com, ACA (Chartered Accountant) (35 Points)
Replied 01 July 2011

i agree that 143(2) notice can be issued after intimation u/s 143(1) as 143(1) notice is not an end to assessement. but the main thing which is to be noted here is the time limit. 143(1) intimation can be sent before expiry of two years from the end of the assessment year in which the income was first assessable but 143(2) notice shall not be served on the assessee after the expiry of twelve months from the end of the month in which the return is furnished. so make sure the notice is valid before responding to such notice.

Regards,

Prabhavathy

C.A SHASHANK GOYAL (Chartered Accountant) (362 Points)
Replied 03 July 2011

Hi prabhavathy , I would like to correct you that time limit for intimation u/s 143(1) is one year from the end of financial year for which return is filed and for notice u/s 143(2) is six months from the end of financial year for which return is filed .

Plz if I am wrong correct me .