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154 notice issue by assessing officer
Assessment completed under section 143(3).Objection by assessing authority enhancing the capital and new loan received .It is subject matter under section 154 or not after assessment under section 143(3)
Replies (2)
A notice under Section 154 can be issued only up to 4 years after the end of a particular financial year in which a rectification order was passed. If the taxpayer raises an amendment request, the department is bound to respond within 6 months of receipt of such a request.
Notice issue by assessing officer under section 154 for enhancing the tax liability after completing the assessment under section 143(3). Grounds for obtained new loan and enhancing in the capital . It is permissible under section 154
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