If A has income in 2007, Now AO can open our case u/s 148
LAWYER ASSOCIATES
(Querist) 04 March 2018
This query is : Resolved
There was income in year 2007, assessee not file his return of Income, Can AO open our assessment of 2007 today? What are the provisions u/s 147 & 148? Pls reply
Guest
(Expert) 04 March 2018
Offense under any law is always an offense. Case can be opened any time. Of course your claims or rights can be curbed by the laws of limitation.
Ms.Usha Kapoor
(Expert) 05 March 2018
Assessment or Reassessment Notice U/s 148 - TaxGuru
https://taxguru.in/income.../notice-for-assessment-or-reassessment-us-148-of-the-income..
Apr 25, 2012 - The power of assessment or reassessment of any income chargeable to tax that have escaped assessment has been provided under section 147 r w s 148 ... year if the income escaped does not exceed one lac Rs. If the income escaped is Rs. one lac or more the notice u/s 148 can be issued within 6 years In the instant case it exceeded more than 6 years or nearly 11 years AO cannot reopen the case at this belated period of time as per law of limitation and assessment proceedings would fail.
Guest
(Expert) 05 March 2018
Not a personal problem of the querist. Purely a hypothetical academic query has been raised by the querist.
Guest
(Expert) 05 March 2018
@ Ms. Usha Kapoor,
As usual, Ms. Usha Kapoor, has again misinterpreted the nature of the (academic) problem and has rendered quite a wrong advice. When the assessee has not submitted his due return and not assessed even for the first time, from where the question of reassessment arises?.
Dr J C Vashista
(Expert) 07 March 2018
@ Jigyasu,
Can you change the nature of an impersonating person who love to teach (deliver useless lecture) on irrelevant and hypothetical issue , which is otherwise not a dispute to be considered by legal experts, opine and advise a queriest?
Answer is NO, if I am not wrong.
Guest
(Expert) 08 March 2018
@ Dr. JC Vashista,
Never mind, like others, you are also free to assume anything about me. But rest assured, I am deadly against only those persons, who intentionally misguide and cheat the innicent sufferers from legal problems. I respect those persons, who try to understand the problem of the querists and guide them as per their own practical knowledge, not on borrowed copied and pasted wrong information (not to say of even theoretical knowledge).
In fact, I am also one of the sufferer from the hands of lawyers even up to the Supreme Court level, where at the lower court got ex-parte judgment by absenting from the court, as I was serving at some distant place. That shameless person even did not inform me about the judgment. I could know only when bailliff brought decree of attachment against me. Not only that, when filed appeal in the High Court that fellow used to pass wrong information to me that the date has not been fixed, while the appeal was returned to the fellow with some objection and not refiled after removing objection. I had to hire another lawyer, but he also failed to bring any result and the appeal was dismissed on vague grounds. Thereafter even quite a senior lawyer, who boasted too much about him could not speak even a few words and used to stammer on the questions of the Supreme Court Judges and my case was rejected even at the very admission stage.
I have seen on this very forum that some fake experts do appear frequently and misguide the querists profusely without any hitch or sense of responsibility just to falsely add credits to their scores to jump on one and all real experts in the hall of fame, while they become the source of defame for the real experts on this open forum. Not only that, if pointed out, instead of justifying their contentions, they just start abusing the person who points them their faulty advice.
You are correct. Although I can't change their nature and habits of those impersonators, but at least can expose them, if I know something about the issue.
