Time Limit for issuing notice u/s 143(2)
This query is : Resolved
03 February 2010
A company has filed its return for P.Y. 2007-08 on 25th Sep 2008 & revised the same on 12th Oct 2008.
Now, the AO has issued notice u/s 143(2) dtd. 19th Jan 2010, for scrutiny assessment.
With regard to the amendment in the section w.e.f 01.04.2008, can the AO issue notice after 30.09.2009 (6 months from the end of financial year in which the return of income is filed)?
Thanks in advance.
Now, the AO has issued notice u/s 143(2) dtd. 19th Jan 2010, for scrutiny assessment.
With regard to the amendment in the section w.e.f 01.04.2008, can the AO issue notice after 30.09.2009 (6 months from the end of financial year in which the return of income is filed)?
Thanks in advance.
03 February 2010
The quoted amendment is for assessment year 2008-09 and onwards. Therefore, the law prevailing for assessment year 2007-08 has to be necessarily followed to issue the notice. Thus,as per my understanding, AO has issued a valid notice.
04 February 2010
Thank You Sir. But in this case, applicable A.Y. is 2008-09. So is he right in this case.
04 February 2010
My answer is wrong since previous year is read as assessment year.
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?
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- GST ON EXPORT COMMISSION
- Should I report my US salary for January, February, March in Schedule FA?
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Tds on building rent monthly
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- Confusion around Form 26QB fields
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
