as per section 147 the assessing officer can assess or reassess any income which comes into his notice during the proceedings.
So if he came to know and has reason to believe of some additional income not mentioned under section 148.
Then fresh notice under section 148 will be necessary for that additional income or not?
pls help.
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ESCAPED INCOME ASSESSMENT us 147
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No fresh notice will be required to be issued if there comes any additional income comes to his notice during the course of proceedings. Fresh notice is required only if it is proved that original matter relating to which notice was issued is set aside for which notice was originally issued US 148.
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