Form-29B not significant for processing of Income Tax Return: HC

HHA Tank Terminal (P) Ltd. Vs ACIT (Kerala High Court)

In the present case, the assessee had filed Forum-29B only on 07.09.2006. However, the question is as to whether in carrying out verification under Section 143(1) and processing the refund, the existence of Form-29B is essential or not. In the present case, though Form-29B was filed only on 07.09.2006, it is seen that an intimation under Section 143(1) was issued before that on 20.07.2003. A refund was also issued computing the tax payable under Section 115JB on 03.08.20

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