REGULAR ASSESSMENT TAX

Hi Aruna,

Regular assessment as per sec 2(40) has been defined as assessment u/s 143(3) or 144 of the act.

sec 144 is effected as per the condition mentioned in that sec i.e. non compliance of sec 142(1), 139, 142(2A), 145, 143(2), 153A. Where the tax liability is determined by the assessing officer as per the records available to them on the date of passing order.

 Sec143(3) is the scrutiny assessment which is effected when return is filed as per sec 139 or 142 or 153A on the basis of the return filed by the assessee and the relevant books and documents submitted by the assessee during the proceedings of such assessment.

Hope this is adequate otherwise futhur qurey shall be solicited,.,!!!