The assessing officer issue notice

 

Pls give ans for following question for cca examination....
 
que ) The Assessing Officer issued a notice on December 3, 2006 calling upon an assesses to file the return 
for the assessment year 2007-08. In response to the notice assesses furnished a return of laws claiming 
the carry forward of: 
a).Business Loss; and  
b). depreciation    
State whether assesses would be entitled to the benefit of carry forward as claimed in the return  
Replies (2)

How can AO ask for the return of the Previous yr. ending 31.03.07 (A.Y. 07-08) on 03rd December,2006..?????

 

Even if it is the notice us 142(1) it may only be issued after the 30 th Sep or 31st July'2007 ie, the last date for filling the ROI, so how a notice can be issued on 3rd Dec'2006 for AY-2007-08.You may have to look in to question again and get your facts right.

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