Notice issued u/s148
This query is : Resolved
dilwar hussain
(Querist)
18 December 2018
I have received a notice u/s 148 for the AY 2011-12 on 17.12.2018 i.e Beyond 6 AY, is it Valid? In this notice it is mentioned that a notice u/s 142(1) was sent earlier (20.09.2018), where no such notice was received in actual.
Nikhil Kaushik
(Expert)
18 December 2018
as long as you didn't participate in the reassessment proceedings, you can claim that it was issued beyond the limitation period.
19 December 2018
As Nikhil Sir said, It might actually be time-barred, but If the notice is in respect of any asset (including financial interest in any entity) located outside India, chargeable to tax, which has escaped assessment, then the notice can be issued even after six years.
Can you show a copy of the notice?
prateek63@yahoo.co.in
As Nikhil Sir said, It might actually be time-barred, but If the notice is in respect of any asset (including financial interest in any entity) located outside India, chargeable to tax, which has escaped assessment, then the notice can be issued even after six years.
Can you show a copy of the notice?
prateek63@yahoo.co.in
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