banner_ad

Notice u/s148 of i tax act 1961

Tax queries 424 views 1 replies

My client has recieved notice u/s 148 of The Income Tax Act 1961 for re-assess the income tax AY 2009-10 on 5.3.2014. I would like to know can the ITO do the full aasessment all over again or only the part under u/s 148. (escaped income u/s 147 as shown by them as suspecious dealer). Can he call for proof of other expenses and assets purchased such as bills etc for the AY 2009-10 now.

Replies (1)

Dear Suresh jain,

               Yes the ITO have power from Chief Commissioner/ Commissioner to Reopen the Assessment case and Served Notice U/s. 148 to Assessee for Produce the Necessory Document before him.

    


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details