Assessment possible after 30-40 year
This query is : Resolved
24 January 2014
Can Assessment possible after 30 year? if yes then which situation.
24 January 2014
Not possible under Income Tax Act.
24 January 2014
any situation not possible?
25 January 2014
Seems not possible in any situation.
25 January 2014
There is time limit under section 148 for issuing notices which is max under act for 6 years of assessmet in case of Resident assessees and 16 years for non resident, so in my view its not possible.
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