sec144
dasd
(Querist) 22 December 2009
This query is : Resolved
there is no separate section in IT act for Show cause notice . only it is pecified u/s 144
"Provided that such opportunity shall be given by the Assessing Officer by
serving a notice calling upon the assessee to show cause, on a date and time to
be specified in the notice, why the assessment should not be completed to the best of his judgment"
what will be the T/L for issuing such notice?
whether it wil be as per sec 153(1)--(i.e. Time limit for making AO u/s 144)?pls answer urgently
A V Vishal
(Expert) 22 December 2009
S 144 is best judgement by A O.
Time limit for completion of assessments and reassessments
(1) No order of assessment shall be made under section 143 or section 144 at any time after the expiry of-
(a) two years from the end of the assessment year in which the income was first assessable; or
(b) one year from the end of the financial year in which a return or a revised return relating to the assessment year commencing on the 1st day of April, 1988, or any earlier assessment year, is filed under sub-section (4) or sub-section (5) of section 139,
whichever is later.
