18 January 2009
As per Income Tax Act there is no time limit for issue of notice to other person under section 153C.Assessing officer has issued notice to file I Tax Returns for A.Y.98-99 to 2003-04.Notice has been issued on 31-10-2008.Is the notice valid asking to file I Tax Return beyond period of six years?
18 January 2009
For the purpose of 153C, the period of 6 asst years referred in section 153A shall be calculated with reference to the date of receiving the books of accounts etc. pl view the query accordingly.
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