Assessment

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sandeep Gupta (Querist)
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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?

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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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.

Deepak Goel

Deepak Goel (Expert)
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13 April 2009 I am agree with Warrier

Jitender

Jitender (Expert)
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13 April 2009 assessment will be made u/s 147.

C A GROUP COACHING

C A GROUP COACHING (Expert)
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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

C A GROUP COACHING

C A GROUP COACHING (Expert)
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