Time limit for issue of notice u/s 142(1)

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 January 2014 WHATS THE MAXIMUM TIME PERIOD WITH IN WHICH AN A.O. CAN ISSUE NOTICE UNDER 142(1).
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
03 January 2014 no time limit prescribed under 142(1).
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
04 January 2014 there is no specific mention abt the same in present income tax act.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
04 January 2014 however, needless to say that no 142(1) can be issued wherein the time limit under re-assessment is barred. Because once even the reassessment is barred, no action can be taken.
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