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).
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
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