Assessment under section 148

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vishnu (Querist)
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07 November 2014 Dear Sir ,

Our Organization filed ROI for AY 2009-10 i.e. FY 2008-09 on 30th sep 2009. The said year’s ROI was selected for Scrutiny Assessment under section 143(2) on 19/08/2011.

Assessment order was passed by ACIT on 23/11/2011 with “ Nil Tax demand “.

Now we have received Notice Under Section 148 dated 28/10/2014 received on 06/11/2014 for AY 2009-10.

So kindly suggest is this notice is time barred or Stand Good ?

Thanking You

Bishnu

Nikhil Kaushik

Nikhil Kaushik (Expert)
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07 November 2014 it would stand good if the income likely to have escaped assessment is equal or more than Rs 1 lakh...

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