How long a previous year's return can be re-opened?

Harsha (Software professional) (214 Points)

04 March 2013

Hello,

How long a previously closed return can be re-opened? What can be the reasons? Is it based on complaints and random selection.

Regards,

Harsha

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Rani (None) (277 Points)
Replied 05 March 2013

This is what I found in the web.

INCOME ESCAPING ASSESSMENT U/S 147

If AO believes that the income of assessee of any previous year

has escaped assessment, he

can reopen the assessment and complete it as per new

information about income

or tax. Assessment up to last 6 years can be opened

. In order to open an income

escaping assessment AO has to issue notice u/s 148 to the assessee.

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