u/s 148 Notice

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Sanjeev Kumar Sharma (Querist)
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26 February 2008 Hello to all

i want to know if AO issued the notice u/s 148, for the AY 2005-06 then is it possible for him to take the case also for the last 3-4 years ans also tell me that if assessee have a refund in his ITR of AY 2006-2007, whether the AO can refuse to give it on the basis of AY 2005-2006 case.

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Jitender

Jitender (Expert)
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26 February 2008 he can demand the information for 3 years by notice u/s 142 (1). and for re-opening of cases of previous years he has to issue separate notices. he can't issue refund on the basis of this ass.

CA Saurabh Maheshwari

CA Saurabh Maheshwari (Expert)
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26 February 2008 AS PER SECTION 142 ASSESSING OFFICER CAN DRAW THE INFORMATION AND EXPLANATION IN REGARD TO ASSETS AND LIABILITY FOR 3 YEARS.FOR THE REOPENING OF CASES OF PREVIOUS YEAR ASSESSING OFFICER IS REQD TO ISSUE SEPERATE NOTICES FOR EACH YEAR .

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