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Issue of notice for tax evasion.

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Querist : Anonymous

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Querist : Anonymous (Querist)
13 June 2017 Sir,
I' m an Income Tax Officer. In one case my predecessor issued notice to file return for F.Y. 2009-10 in August, 2013 for sale of immovable property made by him above Rs. 30 Lakhs in F.Y. 2009-10. In response to notice assessee filed return in February, 2014 clamming that he has invested capital gain tax amount in agricultural land. Hence Tax liability is nil.
Now i come to know through TEP (Tax Evasion Petition) that assessee has invested sale proceeds in Non Agricultural Lands (i.e. in Plots). Now can i issue notice him for A.Y. 2010-11 (F.Y. 2009-10) to him?
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Nikhil Kaushik online

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Nikhil Kaushik online (Expert)
13 June 2017 read the Act. go through the provisions of reassessment. Section 147/148 should help

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