Why did the government wide Finance Act 2018 restrict the scope of adjustments under section 143(1) by inserting third proviso stating that no adjustment in respect of addition of income appearing in form 26AS or Form 16A or Form 16 shall be made in respect of any return furnished on or after AY commencing on 1-4-2018?
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Restricting scope of adjustments under section 143(1)
Replies (1)
it will lead only to more notices and legitimate honest tax payers suffer more prior to the amendment.
just some high value transactions in ur 26 as or increase in income as reported in returns does not mean itr is wrongly filed.
substance of transaction and proper justification is reqd
this relieved many assessee and it us a welcome decision
just some high value transactions in ur 26 as or increase in income as reported in returns does not mean itr is wrongly filed.
substance of transaction and proper justification is reqd
this relieved many assessee and it us a welcome decision
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