Notice under section 153C
This query is : Resolved
18 January 2009
As per Income Tax Act there is no time limit for issue of notice to other person under section 153C.Assessing officer has issued notice to file I Tax Returns for A.Y.98-99 to 2003-04.Notice has been issued on 31-10-2008.Is the notice valid asking to file I Tax Return beyond period of six years?
18 January 2009
For the purpose of 153C, the period of 6 asst years referred in section 153A shall be calculated with reference to the date of receiving the books of accounts etc. pl view the query accordingly.
01 February 2009
Is there any time limit for issue of notice under section 153C after receiving the books of accounts.
17 April 2011
CIT Appeals has given decision that notices issued beyond period of six years are time barred and bad in law.
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