30 October 2008
As per the recent amendment, w.e.f. 01.04.2008 the notice U/s 143(2) shall be served on the assessee after the expiry of six months from the end of the financial year. My question is
1. In the F.Y.2008-09 the scrutiny cases of F.Y.2006-07 are to be selected. whether the above amendment is applicable for selection of cases of F.Y.2006-07 or not?
01 November 2008
Financial year concerned is 2006-07. Corresponding assessment year is 2007-08. First day of the assessment year is 1-4-2007. The provisions of section 143(2) prevailing on 1-4-2007 is to be adopted for selecting cases for scrutiny for financial year 2006-07. Therefore, the answer to your question is NO.