Chartered Accountant in Whole Time Pract
4354 Points
Joined January 2010
for defeat the tribunal decision in case of motorola Inc...finance act 2006 introduce amendment with retrospectively effect states that "The notice u/s 142(1) can be issued even after the end of the relevant assessment year .
analysis of amendment-
1.notice u/s 142)1) can be issued only after the due date mentioned in sec 139(1).
2.notice u/s 142(1) can be issued even after the end of the relevant assessment year.
so there are no limit for AO to issue notice u/s 142(1)
3. another thing is that Ao can demand the books of relating to period more than three year prior to the previous year