27 January 2011
What is the mening of completion of assessment proceedings u/s 143(3) of the income Tax Act, 1961. i.e. whether only order should be passed within the prescribed time period or is it should also be served ?
E.g. for A/Y 2008-09, ITR filed on 30-09-2008, Notice u/s 143(2) was received in time, case processed, order u/s 143(3) was passed on 30-12-2010 and such order was served to assessee on 04-01-2011. Whether such order is valid ?
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