Friends/Seniors
The assessee company has not received the section 143(2) notice from AO for AY 13-14 by 30/09/2014. Therefore, can it be concluded that the AO cannot make any scrutiny assessment.
In this scenario, can the AO issue any query list under section 142(1) for information / explanation for making a summary assessment.
Regards,
Yes, Assessing officer can not issue scrutiny notice as time limit prescribed for the issue has expired, But there is a chance for issue of 148 notice(Income escaping assessment). 142(1) is a notice requiring an assessee to submit information for making assessment if he has not submitted his return earlier. In your case as assessee submitted his return, A.O can not demand u/s 142(1). The reason being Assessee need to send to CPC all necessary accounts(i.e Balance sheet and Profit& Loss a/c) required for assessment along with ITR V and if assessee fails to send all those requirements,the return would be defective u/s.139(9) and assessee will receive notice in this regard but not u/s.142(1).
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