Regarding Notices u/s 148 issued after 01.04.2021

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This discussion concerns the validity of Section 148 notices issued after April 1st, 2021. Specifically, it questions whether a notice received on April 16th, 2021, for escaped income below 50 Lakhs and without a prior Section 148A(b) notice, remains valid. The notices in question are for assessment years 2015-16 and 2013-14, with proceedings still open on the income tax portal. While disputable, the initial assessment suggests the notice may not be valid.

Suresh S. Tejwani

Suresh S. Tejwani (Querist)

26 December 2022 Mr. A received notice u/s 148 as on dated 16.04.2021 . The income chargeable to tax that has escaped assessment amount is below 50 Lakhs. No new notice u/s 148A(b) issued by the department. Whether the Notice u/s 148 is still valid or not ??

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

27 December 2022 For which year the notice has been received?

Suresh S. Tejwani

Suresh S. Tejwani (Querist)

27 December 2022 Notices received for the assessment year 2015-16 and assessment year 2013-14. Also the proceedings tab is open on the income tax portal

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

27 December 2022 Though its disputable issue.. Prima facia the notice is not valid.
Hope the date of issue of the notice is not in March, 2021.

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