I've receieved a letter from ITO stating that certain amount relating to AY 1993-94 has not been deposited & requested deposit of the same within 7 days. The assessment of AY 1993-94 was a scrutiny assessment & was subject to appeal that was decided in 1998.
a) Can ITO raise demand pertaing to AY 1993-94 in 2008?
b) Is the demand affected by limitation act?
Pls advise with relevant provisions & case laws
Vikram as permy knowledge income tax act cant do scruitiney
But i suggest you discuss with practising lawyer or Practising CA
Dear Amit, I've modified the query, as i felt it was a bit confusing. Further I just want to know if the demand is valid & enforceable, for I'm unable to locate the payment details thereof.We are not discussing the legality of scrutiny.
Saini Pati Shah & Co LLP, Chartered Accountants
Mumbai
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