Respond to Income Tax notice, or face recurring penalties: Experts

Provide documentary evidence, else officer could make assessment based on his judgement

Last week the Income Tax Appellate Tribunal (ITAT) reiterated that notices issued under Section 143(2) of the Income Tax (I-T) Act must be served to assessees within six months. When the I-T department finds discrepancies in a taxpayer’s I-T Return (ITR), it issues a notice under Section 143(1), 143(2), or 143(3). Many taxpayers have received them in recent days. When you get such a notice, it can be scary. Stay calm and respond with the appropriate documents in support of your case.
 
Section 143(1): Once you file your ITR, the Central Processing Centre (CPC), Bengaluru, processes it under Section