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Amendment of assessment. Audit. Procedure Scope ‘Definite information’ Assessing Officer, after formulation of the audit report/audit observation/objections/charge sheet, ought to first confront the same to the taxpayer and secondly, after considering the explanation of the taxpayer, if he considers that assessment order is required to be amended on the basis of ‘definite information’, he may invoke subsection (1) of S. 122, Income Tax Ordinance, 2001 for acquitting jurisdiction to amend the order under subsection (4) read with subsection (5) as the case may be. Audit Amendment of assessment. Scope Audit proceeding under S.177, Income Tax Ordinance, 2001, is only a procedure/mode and method to find out some defects in the accounts and to obtain information to ...
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