For the AY: 2022-23, the assessee-company filed its return of income.\u00a0 The return of income has been processed and an intimation u\/s 143(1) with some discrepancies has been served.\u00a0 The AO directed the assessee to file its reply during the period of 30 days.\u00a0 Though the reply filed by the assessee, the AO had not considered the same and initiated scrutiny proceedings.<\/p>\n
On Writ, the Hon\u2019ble High Court found that the AO has not considered the reply filed with explanation for the adjustments made in the intimation u\/s 143(1) of the Act.\u00a0 The Hon\u2019ble Court held that the AO is directed to consider the reply filed by the assessee and accept the ITR accordingly, and thereafter, the Faceless Assessment Officer shall proceed further by providing the opportunity of hearing before passing an order in the scrutiny assessment.\u00a0 (AY. 2022-23)\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"
S. 143(1) : Assessment-Intimation-Prima facie adjustment-Corrections to returns must be intimated to the assssee-Reply of assessee must be considered-Application for rectification u\/s 154 not considered-Scrutiny proceedings initiated, AO directed to consider the assessee\u2019s reply and thereafter initiate scrutiny proceedings under Faceless Assessment Scheme. [S. 154, Art. 226] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-53243","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-dQL","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/53243","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=53243"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/53243\/revisions"}],"predecessor-version":[{"id":53244,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/53243\/revisions\/53244"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=53243"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=53243"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=53243"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}