I have a query which i am presenting in the form of an example:
Mr. A has filed his Return of Income for the A.Y. 2009-10 in the month of December 2009. He has been served an Notice u/s. 143(2) in the month of May 2011 by the Income Tax Department.
My Question is: 1) Whether the above mentioned notice is good in law as the same has been issued after expiry of 6 months from the end of Financial Year in which the return has been filed.
2) Secondly whether it is possible for the AO to serve the notice u/s. 143(2) even after expiry of the said period if he has reasons to believe; that the assessee has understated his income. {Please refer provisions of clause (i) of Section 143(2)}
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