Income tax Reassessment 148/147

This discussion explores the validity of income tax reassessment notices issued under sections 147/148 of the Income Tax Act. Specifically, it questions whether an Assessing Officer (AO) can issue such a notice for the financial year 2013-14 after the 31st March 2021 deadline, even if a section 133 notice was already served in January 2021. The consensus suggests that the AO may still be able to issue the reassessment notice after the deadline, as the timing of the section 133 notice might not preclude a later section 147/148 notice.