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Section 148

sakshi agarwal (2 Points)

16 March 2020

notice under 148 can be issued only if ROI filed for the year for which assessment has to be done?

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VINITKUMARGUPA (ARTICLE ASSISTANT) (129 Points)
Replied 16 March 2020

If AO. has reason to believe that any income liable for tax has escaped assessment then AO may assess, reassess such income.it is not mandatory where ROI filed or not. in response to notice 148 you can file ROI. REFER SECTION 147.

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rama krishnan (12244 Points)
Replied 16 March 2020

148 notice can be issued on 4 occasions read with section 147
i. if no return of filed
II. ITR filed and no 143(3) order passed
III. ITR filed and 143(3) order passed
Iv. any income from foreign sources is undisclosed

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VINITKUMARGUPA (ARTICLE ASSISTANT) (129 Points)
Replied 16 March 2020

148 is related to income escaping asst.

CA Piyush Agarwal (CHARTERED ACCOUNTANT) (1499 Points)
Replied 16 March 2020

The assessee had filed its return in response to a notice issued u/s 148 of the Income Tax Act 1961. The service of notice u/s143(2) of the Act within 12 months of filing the return u/s 148 of the Act was mandatory, but the notice had been served beyond 12 months

RAMAKRISHNAN R (INCOME TAX OFFICER) (1736 Points)
Replied 17 March 2020

If you could provide the dates ,we can see whether the 143(2) notice is time barred because it's a rarity in case of 143(2)

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jagdish chhugani (engineer) (1019 Points)
Replied 25 December 2021

ITR FILED FOR 17-18 INTIMATION 143 1 NOT RECEIVED BUT RECEIVED REFUND, AS I DON'T SEE INTIMATION 143 1 ON PORTAL UNDER FILED ITR

Notice Under Section 148 Of The Income Tax Act, 1961 DATED 03/05/2021 RECEIVED

I FILLED ORIGINAL ITR UNDER SECTION 148 ON 22/05/2021

Notice under section 143(2) read with section 147 of the Income-tax Act, 1961 RECEIVED ON 16/11/2021

The Department may raise further queries or issue a detailed questionnaire pertaining to these issues or any other issues found during scrutiny proceedings, which will be intimated during the course of scrutiny proceedings.

RESPONSE SUBMITTED ON 19/11/2021

We have gathered all the information and found ITR filed for AY 17-18 is correct including
the balance sheet, we found in AY 16-17 balance sheet is not correct, we have only considered capital account details, we are attaching full detail corrected Balance sheet for AY 16-17 which may resolve the problem. Please intimate us if you need any further clarification.

EVEN AFTER RESPONSE, WE RECEIVED AN SMS

Dear AAXXXXX6E,
Income Tax Department has issued a notice/order for AY 2017-18 under section 143(2). Kindly submit online response in case of notice by login to e-filing account (https://www.incometax.gov.in).
e-Filing, Income Tax Department

WHAT TO DO NOW? I DON'T SEE ANY MORE COMMUNICATION AFTER MY RESPONCE