Notice u/s 154 of income tax
This query is : Resolved
20 February 2013
A notice has been received on Dtd. 02/03/2011 of I.T Act. In the case of A.Y 2005-06 order Dtd. 06/09/2007 on objection raised by Audit party. Order U/s 154 is not passed so far. Can order u/s 154 shall be pass now. (after four years of the assessment order) or notice u/s 148 be issued.
20 February 2013
The prescribed time limit U/s 154(7) is 4 years from the end of the financial year in which the order sought to be amended was passed.
.
4 Years to be counted after 31.03.2008.
.
If the order has been AMENDED by noticing a
mistake apparent from the records, the order in question is a valid order.
.
.
4 Years to be counted after 31.03.2008.
.
If the order has been AMENDED by noticing a
mistake apparent from the records, the order in question is a valid order.
.
22 February 2013
Order u/s 154 can't be pass after 4 years but notice u/s 142 and 148 can be issue.
22 February 2013
No order can be passed afte 4 years unless the application for rectification has been made by the assessee within 4 years.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- Stamp Paper for partnership firm change new income tax 2025
- Capital gain from sale of house property
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- SFT Cash Deposit in Current Account
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- TDS APPLICABILITY......
- Copyright software
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
