Income Tax Ordinance, 2001

CHAPTER-X

PROCEDURE PART II ASSESSMENTS

Income Tax Ordinance, 2001 CHAPTER-X PROCEDURE PART II ASSESSMENTS From: 2024-12-29 - To: 0000-00-00 7[(2A) A return of income furnished under sub-section (2) of section 114 shall be processed through automated system to arrive at correct amounts of total income, taxable income and tax payable by making adjustments for- (i) any arithmetical error in the return; (ii) any incorrect claim, if such incorrect claim is apparent from any information in the return; (iii) disallowance of any loss, deductible allowance or tax credit under Parts VIII, IX and X respectively of Chapter III; and (iv) disallowance of carry forward of any loss under clause (b) of sub-section (1) of section 182A: Provided that no such adjustments shall be made unless a system generated notice is given to the taxpayer specifying the adjustments intended to be made:…