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Urgent query on scrutiny assessment

CA. Deepak Narula (B.Com., ACA, DISA) (541 Points)

17 February 2010

Hi all

I have a case please reply me urgently ----

Previous year 2006-07

Assessment year 2007-08

Return filed on 20-07-2008 (belated)

Notice u/s 143(2) received before 30-09-2009 (i.e. before end of 6 months from the financial year in which the return is filed)

Now my question is that what is the time limit for completion of assessment u/s 153(1). Whether it is 31-12-2009 (i.e. 21 months from the actual assessment year) or 31-12-2010 (i.e. 21 months from the end of year in which return is filed )

Please reply urgent

Thanx in advance

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10 Replies

Amir (Learner) (4016 Points)
Replied 17 February 2010

Dear Deepak,

For AY 2007-08, Time limit for completion of assessment u/s 153(1) was 21 months from the end of the AY..

Hence the last date would be 31.12.2009.

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Aditya Maheshwari (CA in Practice) (35867 Points)
Replied 17 February 2010

yes it is 31.12.2009.

C.Balaji (Learner) (1867 Points)
Replied 17 February 2010

Mr. Deepak,

last date - 31.12.2009 - 21 months from the end of the AY..

CA. Deepak Narula (B.Com., ACA, DISA) (541 Points)
Replied 17 February 2010

thanx peers

so the assessment is time barred now, right?

Aditya Maheshwari (CA in Practice) (35867 Points)
Replied 17 February 2010

yes

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C.Balaji (Learner) (1867 Points)
Replied 17 February 2010

yes...

pankaj sharma (CA ) (324 Points)
Replied 17 February 2010

last date - 31.12.2009

reena jain (CA ) (247 Points)
Replied 17 February 2010

Dear Friends,

kindly clear my doubt

if a person files Return of income for F.Y. 2005-06 on 01/03/2009 .

in the above case , How the period for completion of Scrutiny Assessment be determined (ie.21 Months from A.Y.)

thanks,

regards,

reena jain.

Amir (Learner) (4016 Points)
Replied 17 February 2010

Dear reena,

Voluntarily Return for FY 2005-06 (AY 2006-07) could have been filed till 31-3-2008.

Further if No Return has been filed till 31-3-2008 then Srcutiny u/s 143(3) cannot be made....

Assessment u/s 144/ 147 is possible........

Plz specify ur doubt............

CA SHABIR (CA) (336 Points)
Replied 17 February 2010

Att Mr. Deepak,

Time limit for completion of scruitny u/s 143(3), as prescribed by section 153(1) is 21 months from the end of the Relevant Assessment Year i.e. 31.12.2009.

Thanks