12 May 2017
as per section 147 the assessing officer can assess or reassess any income which comes into his notice during the proceedings.
So if he came to know and has reason to believe of some additional income not mentioned under section 148.
Then fresh notice under section 148 will be necessary for that additional income or not?
pls help.
13 May 2017
If the AO makes addition on the allegation in the original notice, he has the power to make any other addition also without issuing a fresh 148. But if the original allegation does not sustain, no additional additions can be made. The best course in this case is to challenge 148 by way of a writ petition before the High Court.
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