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Notice under Section 142(1)

Amit Agrawal (Business) (67 Points)

08 September 2007

Can a notice be sent for an assessment year under Section142(1) asking to furnish a return of Income if already Assessment has been done under Section 143(3) of Act.

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3 Replies

Late CA Sampat Jain (Chartered Accountant) (4772 Points)
Replied 09 September 2007

Scope is limited to pre-assessment enquiry - The scope of section 142 is quite plainly limited to the enquiry before assessment by the ITO - Amal Kumar Ghatak v. ITO [1971] 79 ITR 452 (Cal.) (App.).

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madhusudan (Professional) (267 Points)
Replied 10 September 2007

No. A notice can not be sent after the assessment has been completed

R.K. Gupta (Advocate) (27 Points)
Replied 25 March 2009

One of my clients received noticeU/s 142(1)of the Income Tax Act 1961.He is agriculturist and has no any other income.Last year he sold 1/4 of his agriculture land for rs.37 lac and deposited this amount intobank. He invested this amount again agricultural land. Let me know what reply should be given of the said notice ?