1.Remedy available to the AO, if assessee doesn't comply with the terms of the notice issued u/s 148.
2. If reason to believe was of Rs.110000 but the results of the assessment u/s 147 is of Rs.60000 and period of limitation of 4 year has been expired, then is it possible to complete the assessment.
3. If assessee doesn't comply with the notice issued u/s 148, is it possible for the AO to issue notice u/s 143(2).
Menu
assessment u/s 147
Replies (3)
1.order u/s 144 i.e. best judgment asst if assessee not at all comply with notices u/s 148, 142(1)
2. if the addition is below 1 lakh, then assessee may file appeal before CIT(A) and in almost all the cases, assessee wins
3.AO cant issue 143(2) before assessee files the ROI in response to 148...in this case he can issue 142(1),show cause, summon
2. if the addition is below 1 lakh, then assessee may file appeal before CIT(A) and in almost all the cases, assessee wins
3.AO cant issue 143(2) before assessee files the ROI in response to 148...in this case he can issue 142(1),show cause, summon
thank you and congratulations
1. He can pass an ex parte order u/s 144 from the information available to him
2. If the income is less than 1 Lakh and notice is issued after 4 years from the end of the relevant assessment year in which the return was filed then no assessment order can be passed.
3. The AO can issue only 142(1) notice and not 143(2).
Recent Topics :
- Source of funds in IT returns
- Work from home job
- TDS ON ANY PURCHASE OF ANY GOODS - 393(1)
- TDS on payment to a non resident
- NSFA(National Food Security Act) commission
- RCM applicability on petty GTA freight (₹450
- Short payment reccieved in export & GST implic
- Parag Gupta vs Purushottam Aggarwal- who is best f
- GST applicability on own-vehicle goods transportat
- FAST DS Scheme 26
Related Topics :
ARTICLESHIP
16 September 2026
Article Assistant
MANUJ SHARMA AND COMPANY
Noida
CA Inter
View Details
ARTICLESHIP
21 September 2026
CA Article Assistant
KK & Company Chartered Accountant
Pune
CA Inter
View Details
09 September 2026
SENIOR AUDITOR & ACCOUNTS MANAGER
Anupam Parashar & Co.
Ghaziabad
CA Final
View Details
CCI
Pro
CAclubindia
