When any tax, interest, penalty, fine or any other sum is payable in consequence of any order passed under the Income Tax Act, the Assessing Officer shall serve upon the assessee in notice of demand (under section 156 in the prescribed form) specifying the sums of payable.
Where any sum is determined to be payable by the assessee on assessment on the basis of returns under section 143 (1) the intimation under section 143(1) shall be deemed to be a notice of demand under section 156.
Similarly where any sum is determined to be payable by tax deductor or collector on processing of statement of tax deducted at source or collected at source, the intimation shall be deemed to be a notice of demand under section 156.
