Sunny Honey (Student) 05 December 2008
JITENDER SINGH (TAX CONSULTANT) 17 December 2008
There may be some possiblity of that if particular assessee may fall in the list of scrutiny. As far as the concern of suo moto to be take by assessing officer to disallowing the deduction which availed by the Assessee, there is not any possiblity due to having very large nuber of Tax-payer
Ashish M (Chartered Accountant) 02 February 2009
Sec.154 provides that the A.O. can make order under this section on its own motion within four yrs.........Sec.154(2)(b), & (7).....
since sec.154 covers not only an order but also any intimation. hence even if the return did fall under the scrutiny in the relevant yr. and was accepted, the power to amend deemed intimation can be applicable in ur case and the A.O. can very well disallow the deduction. ....