12 October 2009
Sir, Search was conducted and notice u/s 153 is issued to file returns for the prior six assessment years. Should these returns contain same income and expenditure & assets and liabilies with respect to tha returns filed u/s 139 earlier or we can alter?
What is the position if the earlier years the assessee was liable for tax audit? Can we alter those returns also? what may be the consquences if we alter now