| Question And Answer | |
|---|---|
| Subject: | Intimation order u/s 143(1) |
| Category: | Income-Tax |
| Querist: | Sakshi Dokania |
| Answered by: | Research Team |
| Tags: | charitable trust, Intimation, intimation u/s 143(1)(a) |
| Date: | July 22, 2023 |
Assessee is a Trust filing return in ITR 7. While filing the ITR 7 for the F.Y. 2021-22 in SCH IE-4 due to oversight assessee missed to fill up the “Amount applied for objective”. However, assessee filled up for Gross annual receipts and Balance accumulated in SCH IE-4.
Later the assessee received office communication to submit a response u/s 143(1)(a)(ii)
We submitted a response.
Later the assessee received an intimation order by CPC (treating the amount that we missed to fill up in the “Amount applied for objective “) as Income From Other Sources u/s 143(1)
Kindly advise whether this is a matter to be applied for as rectification u/s 154 or we should prefer an appeal?
It is desirable to file an appeal as well as rectification application. If rectification application is allowed , the appeal may be withdrawn .