Assessment u/s 143(3) was not done on latest revised return. Remedy??

Tax queries 223 views 3 replies

Vivek Agrawal

GST Practitioner

181 Points Joined September 2011

For AY 2016-17, an assessee filed his original return of income on 31.10.2017 (within dues date) and revised it on 31.03.2018. Revised return was selected for scrutiny assessment.

Meanwhile assessee filed one more revised return on 29.03.2019 the same was processed by CPC Bangalore and transferred to Assessing officer on 31.03.2019 however the same was not considered for assessment and scrutiny assessment was done on first revised return filed on 31.03.2018. during assessment, assesse did not know that assessement was being carried on first revised return and not on second revised return.

order have been issued u/s 143(3). Should, assessee file rectification of order u/s 154

Replies (3)

sabyasachi mukherjee

27987 Points Joined May 2017

Let's explain the chronology of underlying sec 1⁴3(3):
a)a return of income has been made under section 139 or in response to a notice under section 142(1)
b)the assessing officer considers it necessary to ensure that the assesse has not understated the income or has not computed excessive loss
c)a notice shall be served on the asesse under section 143(2). the notice requires the assesse to produce any evidence
d) such notice shall be served on the expiry of of 6 months from the end of the financial year in which the return is furnished