Assessee has received intimation u/s 143(1), where some expenditure are disallowed and tax liability is computed.
Aggreived to this how can assessee further proceed?
Because this is an intimation and not an assessment
@ Uday Rathi
You have two Option here:-
1) If you Agreed with the intimation u/s 143(1) :- Then revise your return by considering the fact & figure intimated by the department and then pay the additional tax with interest ,by following the path as mentioned above by Mr. Anoopa HP.
2) If you disagree with the demand mentioned in the intimation u/s 143(1) :- Then make an application u/s 154 of the Income Tax Act to concered Assesing officer for rectification of the mistake apparent from record. Please mention all the details properly so that you make your point clear.You follow same path for reply as mentioned above.
I Hope your query is resolved .If you need any further assistant feel free to revert back.
Pls submit your respnonse on the Income tax portal.
If you are satisfied with the demand then revise the return and pay demand accordingly otherwise go for Sec 154 or CIT (A)
As intimation u/s 143(1) is also considered as notice for demand and there is no need to issue separete notice for the demand liability.
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