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Return time barred
Can we place request for 148 if there was loss in the relevant year as well?
Replies (2)
This is the Section under which notice is send for Escaped Income (which means which was not offered for tax purposes). It is not any requests section.
But, you could make request for Condonation of delay u/s 119 if you have losses and due date is over.
But, you could make request for Condonation of delay u/s 119 if you have losses and due date is over.
Sec 148 is for the benefit of revenue not for the benefit of assessee
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