Income tax notice under section 148

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

12 January 2014 SIR,IF UNDER SECTION 147,THE ASSESSEMENT IS GOING ON AND PGBP INCOME IS CHECKING BY A.O.,BUT DURING THE ASSESSEMENT A.O. FINDS THE INCOME UNDER THE CAPITAL GAIN OF LAST PREVIOUS YEAR,WHICH HE IS NOT CHECKING AS INCOME OF CURRENT PY HE IS CHECKING,THAN A.O. HAS TO GIVE AGAIN NOTICE UNDER SECTION 148 FOR LAST PY Assessement also for checking the accounts of assesse.

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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12 January 2014 Yes if it is detected that you have not disclosed any income in the previous year and it has come to his notice now, he can issue 148.