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Assessment possible after 30-40 year

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24 January 2014 Can Assessment possible after 30 year? if yes then which situation.

24 January 2014 Not possible under Income Tax Act.

24 January 2014 any situation not possible?


25 January 2014 Seems not possible in any situation.

25 January 2014 There is time limit under section 148 for issuing notices which is max under act for 6 years of assessmet in case of Resident assessees and 16 years for non resident, so in my view its not possible.



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