Notice u/s. 148 - most urgent
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 June 2013
Dear Sir/Madam,
In case of one of my client original assessment proceedings u/s. 143(3) was completed time barred. We went into appeal and the CIT(A) quashed the appeal and the additions / disallowances were cancelled as the AO failed to complete the assessment within time limit. Now, AO has issued notice u/s. 148 and wants to re-open the assessment. So, whether the action of AO is valid or not ?
Thank you in advance.
In case of one of my client original assessment proceedings u/s. 143(3) was completed time barred. We went into appeal and the CIT(A) quashed the appeal and the additions / disallowances were cancelled as the AO failed to complete the assessment within time limit. Now, AO has issued notice u/s. 148 and wants to re-open the assessment. So, whether the action of AO is valid or not ?
Thank you in advance.
18 June 2013
The best course of action in case of receipt of Notice u/s 148 is to file return and than ask for reasons.
If AO has not come across any new facts than he can not issue notice u/s 148.
So my advise to you is first file return and than ask for reasons and check whether AO has brought any new facts on the record or not.
If he has not brought any new facts than he can not proceed.
If AO has not come across any new facts than he can not issue notice u/s 148.
So my advise to you is first file return and than ask for reasons and check whether AO has brought any new facts on the record or not.
If he has not brought any new facts than he can not proceed.
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 June 2013
Thank You Sir for guiding me.
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
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
