banner_ad

Notice under Section 148 followed by Section 154 Notice

ITR 660 views 5 replies

Hi

 

Received a notice from Income tax department under Section 148 of Income tax act,1961. Again received under Section 154 of the income tax act, 1961. Are they two different assessments, or Section 154 is continuation of notice under Section 148. Please clarify.

Thanks

 

Replies (5)
Section 154 is rectification of income and section 148 is re-computation of income.

As under 148 while your reassessment of income there might be any mistake in the return for which they issue notice under section 154
Both are different. check notice they may be of different previous years.

Hi they are for the same assessment years. Can the Assessing officer compute the assessment under section154, when a section 148 notice is served. I always had a thought they are separate sections.

Thanks

Indira K V 

But they are different sections.  

After completion of 143(3) r. w. s 147 can have power to issue 154 notice


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details