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Whether ao can issue notice u/s 142(1) for ay 2010-11 during fy 2017-18?

HARISH KUMAR SADANA (SERVICE) (83 Points)

01 July 2017

Dear All, CO-Operative Society AY 2010-11 Return filed on 21.10.2011 claiming Loss Now, AO issue a notice u/s 142(1) on 11.05.2017. My query is that whether AO can issue such notice for AY 2010-11, now? Regards Harish Kumar 9212655794

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4 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (167920 Points)
Replied 01 July 2017

Have you received any notice u/s. 148 before the receipt of the said notice? Refer:

Notice u/s. 142(1): Where a person has not made a return of income before the end of the relevant assessment year, the Assessing Officer may serve a notice requiring him to furnish return of income.

It can be served any time after the end of relevant assessment year.

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rama krishnan (12234 Points)
Replied 01 July 2017

actually there's time limitations specified for issue of 142(1) notice. however issuing of notice u/s. 142(1) (if not the case was reopened u.s. 147 ) for ay. 2010-11 is of no use .

HARISH KUMAR SADANA (SERVICE) (83 Points)
Replied 03 July 2017

Thank you Sir (Dhirajlal Ji and Rama Krishnan Ji)

Yes we received Notice u/s 148 also.

rama krishnan (12234 Points)
Replied 04 July 2017

then there's no infirmity in issuing notice under section 142(1) after issuing 148. just ascertain that whether 148 notice was issued before March 2017