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CS Executive Practice Test: Types of Assessment & Procedure of Various Assessments – CS Executive Tax Laws
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CS Executive Practice Test: Types of Assessment & Procedure of Various Assessments – CS Executive Tax Laws
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10 Questions

1. The assessment of Julie (Pvt.) Ltd. under Section 143(3)for the assessment year 2021-22 was completed on 12th October 2022. The notice of demand was served on 27th October 2022. The assessee has to file an appeal before the Commissioner (Appeals) within
2. The Assessing Officer can complete the assessment under section 144 of the Act even though there is no failure on the part of the assessee under section 139(1), 139(4), 139(5), 142(1), 142(2A) or 143(2) of the Act. Such powers by the A.O. may be exercised in which of the following situations:
3. The time limit for completion of Assessment/Re-assessment under sections 143 and 144 of the Income Tax Act, 1961 is
4. The assessee can file an application for rectification of mistake as per Section 154 of the Act when it is
(i) a mistake of fact
(ii) a mistake of law
(iii) glaring obvious or apparent from the records
(iv) a decision on a debatable point of law
Select correct answer from the options given below:
5. The time limit for completion of Assessment/Re-assessment under sections 143 and 144 of the Income Tax Act, 1961 is
6. The Commissioner of Income-tax can call for the records of an assessee and by virtue of powers conferred under the Act can make the revision of the order passed by the Assessing Officer after giving an opportunity of being heard to the assessee. Such pow¬ers can be invoked by the CIT, when :
7. The time limit prescribed u/s 153 for completion of the regular assessment u/s 143(3) and the best judgment
assessment u/s 144 is of months from the end of the assessment year in which the income was first assessable
8. The premises of an assessee within the jurisdiction of an Assessing Officer can be surveyed during business hours by such Income-tax Authority
9. An income-tax authority referred to in section 116 of the Income Tax Act, 1961 may amend with a view to rectifying any mistake apparent from the records in respect of:
10. An income-tax authority referred to in section 116 of the Income Tax Act, 1961 may amend with a view to rectifying any mistake apparent from the records in respect of:

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