dear sir,
i am really confused for sec 143(2) & 143(3) of income tax act. what is the purpose of each section ? my guess is 143(3) means securtiny assessment ( ask for books of accounts), 143(2) means ( return filled with out books), its corect or wrong? clearly my query.
Section 143(2) deals with notice served by assessing officer for making scrutiny assessment under section 143(3). Notice u/s 143(2) is served on assessee requiring him produce evidence in support of his return. Based on evidence produced by the assessee, the assessing officer assesses the income of the assessee(Scrutiny assessment u/s 143(3)).
furnishing of return by assessee > notice u/s 143(2) > assessee produces evidence in support of his return > scrutiny assessment u/s 143(3)
therefore both sec( 143(2) & 143(3) are scurtiny assessment based on assesse filling the return.
its right ?
Hi, Srikumar
The reply given by CA. Vishal Gupta is perfect
Assessment is done u/s 143 (3) for which first notice is served u/s 143 (2) based on filling of return
thank you above expets now i undrestanding the concept for both section
CAclubindia
