| Question And Answer | |
|---|---|
| Subject: | Return in response to notice u/s 148 , 147 , whether agreed addition to be included |
| Category: | Income-Tax |
| Querist: | seetharaman |
| Answered by: | Research Team |
| Tags: | Reassessment, return |
| Date: | June 29, 2021 |
Sir,
The assessment completed u/s 143(3) with agreed additions was re opened u/s 147 , while filing return in response to notice u/s 148, whether agreed additions made to returned income , to be included in taxable income ? If so, whether revised financial statements incorporating the addition is to be filed? please advice.
Yes it is desirable to include the agreed addition and also if certain additions were made in the assessment which are not contested in appeal may also be included the return which is to be filed under section 148 of the Act .
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