Assessment proceedings
This query is : Resolved
28 June 2009
I have filed income tax return on 27th March,2008 of A.Y.2007-08 of my corporate client, and notice received from I.T.Depts. u/s.143(2) of I.T.Act, on 12/06/2009 alongwith Notice u/s.142 (1) of the I.T.Act.,1961.
is it is in valid or not, as per my knowlege, notice to be issued within one year from the months of return filing.
awaiting for you guidelines
thanks
kiren
is it is in valid or not, as per my knowlege, notice to be issued within one year from the months of return filing.
awaiting for you guidelines
thanks
kiren
28 June 2009
notice is invalid as same can be issued only till 31.3.2009
28 June 2009
According to me,notice u/s 142(1) is valid because time period for issuance of such notice is of 18 months.however,notice u/s 143(2) is not valid.
with regards,
c.a.nishit doshi
with regards,
c.a.nishit doshi
28 June 2009
Since Notice U/s 143(2
) served after 1 year from date of filing return.
Notice is invalid.
) served after 1 year from date of filing return.
Notice is invalid.
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