| Question And Answer | |
|---|---|
| Subject: | Assessment under section 148 |
| Category: | Income-Tax |
| Querist: | Adv. Saukhya Lakade |
| Answered by: | Advocate Shashi Ashok Bekal |
| Tags: | Notice, Reassessment |
| Date: | January 13, 2023 |
We have filed a return u.s 148 in response to notice u.s 148, then what is the status of earlier return filed us 139?
We would need to understand the facts of the case to comment on your question. If you want to know whether penalty is attracted under section 270A of the Income-tax Act, 1961 on excess declaration of income over and above the income declared in the original return, the answer is yes.
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