as per section 147 the assessing officer can assess or reassess any income which comes into his notice during the proceedings.
So if he came to know and has reason to believe of some additional income not mentioned under section 148.
Then fresh notice under section 148 will be necessary for that additional income or not?
pls help.
1 Replies
Studentsca
(CA Practice )
(3577 Points)
Replied 12 May 2017
No fresh notice will be required to be issued if there comes any additional income comes to his notice during the course of proceedings. Fresh notice is required only if it is proved that original matter relating to which notice was issued is set aside for which notice was originally issued US 148.
Recent Topics
- DIR 3 Web KYC
- Can i declare LTCG income as business income if I
- Stock entry in new software
- I have an EMI collection shop, what is its SAC cod
- Making payment once in quarter possible under QRMP
- Master File Documentation related
- Applicability of 44AD needs clarification
- ITC reversal in GST 3B
- Claim if ITC on stocks 19-2020 conversion from com
- Urgent doubt on GST
Related Threads
CAclubindia
