Assessment case

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

10 June 2014 Dear Expert,

After how much time a assessment case occur & what should consider during assessment case.

Thanks in advance,

Regards

Nikhil Kaushik

Nikhil Kaushik (Expert)
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11 June 2014 what is considered in an assessment will depend on the AO.

normal 143(3) assessment is to be completed as under (refer section 153):

(a) two years from the end of the assessment year in which the income was first assessable ; or

(b) one year from the end of the financial year in which a return or a revised return relating to the assessment year commencing on the 1st day of April, 1988, or any earlier assessment year, is filed under sub-section (4) or sub-section (5) of section 139,

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