01 October 2008
Issue of Notice {Section 143(2)} a) Situation: To ensure that the assessee has not- Understated the income Computed excessive loss Underpaid the tax the AO may serve a notice on the assessee requiring him to : i) attend his office, or ii) produce evidence on which the assessee may rely in support of the return.
30 April 2009
As suggested ealier, please check whether the notice is issued within legal framewok of the act, if yes then comply by attending the office of the jurisdictinal AO. If not, file a letter mentioning the reason as to why you do think that this is not a valid notice. The impication of this notice is that your return has been chosen for detailed scrutiny and your income may be enhanced based upon the result of assessment proceedings. A non compliance attrachs penal provisions.
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