Query on Assessment Proc u/s 147

Preeti Agarwal (Articled) (218 Points)

17 May 2010  

Dear All,

Please help me on the following :-

 

Provision of Income Tax :- 1) For assessment proceeding u/s 147, notice u/s 148 is mandatory to issue and for each assessment year seperate notice has to be issued.

2) Untill a notice already is disposed off 2nd notice shall not be issued.

 

My QUERY IS:-

Whether untill disposal of 1st notice 2nd notice shall not be issued for same assessment year or even for any other assessment year.

For e.g. a notice u/s 148 is given for A.Y. 07-08 and in mean time income escaped for 06-07 is also detected. So whether the assessing officer can issue notice u/s 148 for A.Y. 06-07 before disposal of notice already given for A.Y. 07-08 or he has to wait untill notice already given is disposed off.

 

Kindly help me on this topic.

 

Thanks & regards

Preeti Agarwal