Accounts Officer
29 Points
Joined April 2017
Which section gives the power to Income Tax Department to disallow the Revision of ITR under section 139(5) or Rectification of Return under section 154(1). Rectification or Revision of ITR is not possible only when an assessment procedure has been initiated by the Income Tax Department. There are only 4 Assessment Procedures in Income Tax Act as given below:
Scrutiny Assessment U/S 143(3)
Best Judgement Assessment U/S 144
Income Escaping Assessment U/S 147
Search and Seizure assessment U/S 153a
All Other Assessments (Self Assessment and Summary Assessment etc.) are just termed as Assessment but should not take in that way which may prohibits the Assesses to Revise or Rectify the ITR.