Assessment
This query is : Resolved
13 April 2009
Supposing Mr. X has income in excess of the exemption limit since AY 2002-2003. However he has not filed return of income in any of the assessment year. During the AY 2008-2009, this aspect comes to the notice of AO. Under which section, he can assess the income of Mr. X.? (Will it be under section 144? Is there any time limt for taking up any case u/s 144 as it is u/s 147?
13 April 2009
The assessing officer can issue notice u/s148 calling upon the assessee to furnish return of income. The maximum time limit to issue such notice u/s149 is 6 years from the end of the relevant assessment year.
13 April 2009
I am agree with Warrier
13 April 2009
If the Tax liability as seen by the ITO shall exceed 1 Lkh the period shall be 6 Yeras Else 4 Years
But what I can calculate from the AY given by you in question, The time jurisdiction of the ITO is expired in Both cases
But what I can calculate from the AY given by you in question, The time jurisdiction of the ITO is expired in Both cases
13 April 2009
If the Tax liability as seen by the ITO shall exceed 1 Lkh the period shall be 6 Yeras Else 4 Years
But what I can calculate from the AY given by you in question, The time jurisdiction of the ITO is expired in Both cases
But what I can calculate from the AY given by you in question, The time jurisdiction of the ITO is expired in Both cases
15 April 2009
Thanks to everyone
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