Time limit for notice u/s 148

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Querist : Anonymous

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Querist : Anonymous (Querist)
31 July 2013 Sir what is the time limit for notice u/s 148,one of the assessee has received the notice for the asst. year 2006-07 now, is it correct?

31 July 2013 Notice u/s 148 can be issued within 4 years from the end of relevant assessment year if the income escaped does not exceed one lac Rs.
If the income escaped is Rs. one lac or more the notice u/s 148 can be issued within 6 years from the end of relevant assessment year subject to the provisions of section 151.



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