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
After how much time a assessment case occur & what should consider during assessment case.
Thanks in advance,
Regards
Nikhil Kaushik
(Expert)
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,
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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