Assessment under section 148
This query is : Resolved
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
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
(Expert)
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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