Dear Experts, can A.O. issue notice under section 142(1) after 8 years for non filing of itr for a.y. 2012-2013 for income of rupees 3 lakhs in India. Is not it bad in law as per IT law one have to keep records only for 6 years. And also it is a case of income escaping assessment in that case notice under 147 is more appropriate. Please guide
Section 142(1)
Replies (1)
A.O can issue orders beyond 6 years also if there is any default occurs they thinks fit
Recent Topics :
- Bill-to-ship-to material at client site, project c
- Export previously now to be considered domestic sa
- Pan surrender via online
- EPFO Portal Issue – Unable to Save Employee
- Plant & Machinary
- ITC reversal after supplier amended the recipient
- GIFTS TO USEFUL CONTACTS ON FESTIVALS INCOME TAX
- INTEREST ON REFUND OF TDS
- Input tax claim related
- User not found in MCA portal
Related Topics :
CAclubindia
