29 December 2010
Hello Everyone, need a help from you Guys. Its Bit Urgent. The Query is Whether an ITO can issue notice u/s 142(1)after serving a notice u/s 143(2).the assesee has duly complied with 143(2). pls quote the legal decision......(in the case of yes & no)
31 December 2010
According to me, he can issue 142(1) calling for more information even after selecting the case for scrutiny. 142(1) is just a mechanism to call for information and is a general power available independent of 143(2). As long as no 143(3) has been passed, he can keep calling for info under 142(1)
31 December 2010
A.O May ask the assessee to provide books of account and explanation on matter which in his openion necessary for the pupose of making assessment.whthere he already made notice u/s 143(2).