Income tax Reassessment 148/147

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Dear sir,

Say, notice u/s 133 received in month of Jan 2021 for financial year 2013-14.

If the reassessment notice u/s 147/148 is not received till 31/03/2021.

Can AO issue reassessment notice u/s 147/148 for FY 2013-14  after 31/03/2021 since 133 notice has been sent..

 

Replies (2)
Yes it might be that AO can sent reassessment notice after 31.3.21 even if 133 has been sent before

It is not time bound to send notice after 31/03/2021

 

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