Appeals and income escaping assessment
This query is : Open
02 June 2014
WHEN CASE OF A PARTNERSHIP FIRM IS PENDING BEFORE CIT(A),AND DURING THE PROCEEDING IT IS FOUND THAT SOME INCOME OF THAT YEAR HAS ESCAPED ASSESSMENT IN THE HANDS OF PARTNER, CAN THE FILE OF THE PARTNER BE OPEN BY GIVING NOTICE UNDER SECTION 148 OF IT ACT KEEPING ON MIND THE FACT THAT TIME LIMIT TO ISSUE SUCH NOTICE IN GENERAL IS ELAPSED.
PLEASE REPLY AS SOON AS POSSIBLE.
PLEASE REPLY AS SOON AS POSSIBLE.
02 June 2014
No, 148 is now out of question...the case is pending before CIT(A)(148 could have been issued during the proceeding of the case and before assessment order is npassed and appeled, but not now)
02 June 2014
CAN CIT(A) DIRECTS A.O.TO OPEN THE CASE OF PARTNER'S KNOWING THE FACTS THAT IN GENERAL TIME TO ISSUE SUCH NOTICE ELAPSED..???
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