Reopening of Assessment
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 March 2011
Upto how many years from the date of filing of return can the Income Tax Dept reopen the assessment for scrutiny.After how many years does it become time barred.
12 March 2011
Where no return of income has been made or where after processing the return or completing the regular assessment, the assessing officer comes to hold the belief that some income has escaped assessment, he can reopen the assessments and, after going through all the process of regular assessment, complete a fresh assessment. Such reopening is, however, permissible only upto a period of ten years after the end of the assessment year.
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