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Section 143(1) intimation processes returns for:
AReassessment
BFinal assessment (per relevant Section) (per relevant Section)
CScrutiny only
DAdjustments — arithmetical errors, incorrect claims
Answer & Solution
Correct answer: D. Adjustments — arithmetical errors, incorrect claims
1. Section 143(1): computerised processing of all returns.
2. Adjustments: arithmetical errors, incorrect claims, disallowances for late return, mismatches with 26AS/AIS.
3. Time limit: 9 months from end of FY of filing (FA 2023).
_Source: ICAI BoS CA Final Paper 7, Ch 15 "Assessment Procedure"_
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