Notice under Section 148

This discussion clarifies the difference between Income Tax notices issued under Section 148 and Section 154 of the Income Tax Act, 1961. While both can be issued for the same assessment year, Section 148 pertains to the re-assessment of a filed return, whereas Section 154 is a rectification notice related to that re-assessment. Although issued by the Assessing Officer (AO) simultaneously, each notice requires independent compliance.