Menu
Notice under Section 142(1)
Can a notice be sent for an assessment year under Section142(1) asking to furnish a return of Income if already Assessment has been done under Section 143(3) of Act.
Replies (3)
Scope is limited to pre-assessment enquiry - The scope of section 142 is quite plainly limited to the enquiry before assessment by the ITO - Amal Kumar Ghatak v. ITO [1971] 79 ITR 452 (Cal.) (App.).
No. A notice can not be sent after the assessment has been completed
One of my clients received noticeU/s 142(1)of the Income Tax Act 1961.He is agriculturist and has no any other income.Last year he sold 1/4 of his agriculture land for rs.37 lac and deposited this amount intobank. He invested this amount again agricultural land. Let me know what reply should be given of the said notice ?
Recent Topic
- Input tax credit under igst under insurance compan
- ITR Form to be used
- CGAS account Holder Deceased
- ITR form suggestion
- Post office KVP income.
- Free GST invoice tool I built for my practice R
- Clarification on Gratuity Exemption under Section
- GOODS AND SERVICE TAX - GSTR 1
- Correct ITR form
- Clarification required on Section 393 & Report
Related Topics
CAclubindia
