tme s limted,bt drms r unlmtd (Mba ( fin.) Ca final Student) (257 Points)
22 October 2011my Friiend received a notice under section 143(2) of the income tax 1961 for the Assesement year 2010-11. on 28 sep 2011
i heard that wi With effect from 1 April 2008, any notice under Section 142(1) or 143(2) should be received by the taxpayer within six months from the end of the financial year in which the return is furnished. In case the notice is furnished after the stipulated time period, the same would be considered invalid
is it true ??????
Thnks
KK
CA RICHA BADALIA
(CA,CS)
(1682 Points)
Replied 22 October 2011
Yes the notice is valid as it is served within 6 months from the end of the FY in which return was submitted.
Shah Tarun
(Student)
(800 Points)
Replied 22 October 2011
Ya it's true,notice served after 6 months from the end of the financial year in which RoI is filed is invalid,
Refer sec. 292BB also,if assessee replies to such notice that it becomes valid and later on it can not be claimed as invalid..
ARUNA KUMAR MISHRA
(SENIOR MANAGER FINANCE AND TAXATION)
(31 Points)
Replied 22 October 2011
yes the notice is valid notice as the same has been dispatched within 6month from the end of financial year in which the return was filed.
p s verma
(M D)
(21 Points)
Replied 25 September 2012
i received a income tax notice under section 143(2) on 17-09-2012 for returns pertaining to assessment year 2010-2011. pl advise if the same is valid. what should be my course of action, thanks
Brahmaiah
(CA Job)
(24 Points)
Replied 27 September 2012
| Originally posted by : p s verma | ||
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i received a income tax notice under section 143(2) on 17-09-2012 for returns pertaining to assessment year 2010-2011. pl advise if the same is valid. what should be my course of action, thanks |
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I think the notice is for AY 2011-12 not 2010-11, check once, If it is for AY 2011-12 , then it is valid, if not it is invalid
CAclubindia
