11 October 2016
For A/Y 2014-15, due date of ROI 30/9/2015, ROI filled on 31/03/2016, notice U/s 143(2) received 27/09/2016. A.O CAN MAKE ASSESSMENT U/S 143(3) UPTO 31/12/2016?
01 November 2016
Yes. You have filed belated return within the time allowable u/s 139(4). Notice u/s 143(2) was issued well within time in case it was served to you on or before 30-09-2016. AO should complete the assessment u/s 143(3) within 31-3-2017. There is no provision for assessment u/s 144 in as much as you have filed a valid return.