Speaking order.
Querist :
Anonymous
(Querist) 01 April 2011
This query is : Resolved
I want to know the difference between the speaking order & assessment order as per the income tax act, 1961 becasue the act has not defined it ? also the speaking order or assessment order are drafted sparately or it should be drafted combined who's signature is necessary on the speaking order & also on the assessment order because again the act does not says that whether it should be signed by whom & whether it drafting should be separately or combined so it is a request to answer the query ?
Is there any defination of speaking order & assessment order as per the Income tax Act, 1961 & also in other laws also we need a speaking order but no defination has been provided.
Thanks.
R.Ramachandran
(Expert) 02 April 2011
Assessment order itself is a speaking order.
The Assessment order will definitely say why certain and certain amount is being added to your income.
Guest
(Expert) 02 April 2011
The terms assessment order and the speaking order should not be taken independently. Assessment order, itself, should be in speaking order, i.e., the assessment order containing proper reasoning and logic about the assessment of the income. That should not contain merely the amount assessed arbitrarily, without making the concerned person aware of the reason why the assessment made by the competent authority is correct, as against the taxable income shown by the assessee himself.
In brief, the assessment order should be such that it should speak in itself to the person concerned without his feeling the need for any clarification from the authority, who assessed.
Assessment order should be signed by only the authority who is competent to make assessment in a particular case.
