The assessee has capital gains for which the sale consideration is approx 60l for any 2016-17 but failed to file the income tax return. The show cause notice under section 148 is received in march 2023. is this issue of notice in 2023 valid or time barred? kindly resolve.
Thanks in advance
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Assessment under section 148
Replies (3)
Notice is valid provided 148A is followed
Sir also kindly clarify the validity of show cause notice under section 144 in the above case
thanks in advance
thanks in advance
Perfectly valid if assessee has not responded
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