Respected Members,
Whether after Best Judgement Assessment u/s 144, can AO issue notice u/s 148. If yes, then what will be time for issue of such Notice ?
Suresh Prasad (www.aubsp.com) (15630 Points)
20 September 2010Respected Members,
Whether after Best Judgement Assessment u/s 144, can AO issue notice u/s 148. If yes, then what will be time for issue of such Notice ?
Sowmya P K
(Chartered Accountant)
(251 Points)
Replied 21 September 2010
Yes, he can issue notice u/s 148. Time limit will remain the same. Only change is that he has fewer restrictions regarding approvals from higher commissioners..
Suresh Prasad
(www.aubsp.com)
(15630 Points)
Replied 23 September 2010
Hi Sowmya P K,
plz tell me that what is time limit and the fewer restrictions regarding approvals from higher commissioners....
Because as per sec 149(1) the time limit and sanction for issue of notice is given only for (a) assessment order passed u/s 143(3) & 147 and (b) where No assessment order has been passed u/s 143(3) & 147.
MudraMantri
(Wantapreneur)
(491 Points)
Replied 23 September 2010
U may refer section 151. The approval requirement for such a situation is given in it.
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