Notice issued u/s148
This query is : Resolved
18 December 2018
I have received a notice u/s 148 for the AY 2011-12 on 17.12.2018 i.e Beyond 6 AY, is it Valid? In this notice it is mentioned that a notice u/s 142(1) was sent earlier (20.09.2018), where no such notice was received in actual.
18 December 2018
as long as you didn't participate in the reassessment proceedings, you can claim that it was issued beyond the limitation period.
19 December 2018
As Nikhil Sir said, It might actually be time-barred, but If the notice is in respect of any asset (including financial interest in any entity) located outside India, chargeable to tax, which has escaped assessment, then the notice can be issued even after six years.
Can you show a copy of the notice?
prateek63@yahoo.co.in
As Nikhil Sir said, It might actually be time-barred, but If the notice is in respect of any asset (including financial interest in any entity) located outside India, chargeable to tax, which has escaped assessment, then the notice can be issued even after six years.
Can you show a copy of the notice?
prateek63@yahoo.co.in
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting our of sec 44AD
- Form 121 & TDS deduction
- GST Treatment of Insurance Commission for Existing GST Holder
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Invoice V/S Goods receipt Note Date
- Regarding appeal to GSTAT
- Multiple trade mark
- LC charges in relation to Asset purchased should be Capitalised ?
- Transporter Declaration form
- Filing of MSME 1 form by companies
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
