From,

…………………………………………………..

…………………………………………………….

Dated …………………………..

To,

The Commissioner of Income Tax,

Circle/Ward ………………………………………..

Dear Sir/Madam,

Subject : Reply of Your Notice u/s 263 for revision of assessment Proceedings.

PAN No ………………

Please refer to your notice dated ………….. u/s 263 of the Income Tax Act, 1961 for Assessment Year …………………… served on my client ………………. wherein you have proposed to revise assessment for assessment year ………….. on the ground that the business income has not been correctly computed as the Assessing Officer had –

(a) Omitted to disallow certain payments as per the provisions of section 43B ;

(b) Allowed excessive depreciation on plant and machinery.

I have been instructed by my client to request you to kindly provide details of payments which in your view are inadmissible u/s 43B and particulars of plant and machinery on which excessive depreciation has been allowed. Without this information my client shall not be in a position to meet the case against him effectively.

Your early response will be highly appreciated.

Thanking you

Yours faithfully

……………………….

📎 For more information or professional assistance, please visit:
🔗 www.companymitra.com