India Budget Series


Under the existing provisions of the Act, processing of a return is not necessary if notice has to be issued to the assessee for scrutiny assessment.

Thus, it is proposed to amend the said provisions to provide that a return shall be processed and a summary assessment shall be done compulsorily before initiating a scrutiny assessment

This amendment would help in completing the scrutiny assessment at a much faster pace with reduced litigative issues. Refund orders under Section 143 (1) shall now be compulsorily issued prior to issuing notices for scrutiny. This is a huge relief for assessees claiming refunds especially high value refunds.

The amendment will take effect from the 1st day of April, 2017 and will, accordingly apply in relation to assessment year 2017-2018 and subsequent years.


Leave a Reply

Your email address will not be published. Required fields are marked *

Subscribe here for our 

Monthly Newsletter

Follow us here : 

Privacy Settings
We use cookies to enhance your experience while using our website. If you are using our Services via a browser you can restrict, block or remove cookies through your web browser settings. We also use content and scripts from third parties that may use tracking technologies. You can selectively provide your consent below to allow such third party embeds. For complete information about the cookies we use, data we collect and how we process them, please check our Privacy Policy
Consent to display content from Youtube
Consent to display content from Vimeo
Google Maps
Consent to display content from Google
Consent to display content from Spotify
Sound Cloud
Consent to display content from Sound