| Question And Answer | |
|---|---|
| Subject: | Recourse Against Order Passed U/s.148A(d) |
| Category: | Income-Tax |
| Querist: | Mahesh Shah |
| Answered by: | Advocate Shashi Ashok Bekal |
| Tags: | Reassessment, Reassessment notice |
| Date: | June 4, 2022 |
The Assessee had not filed Return of Income for AY 2015-16 and missed out show cause notice u/s.148A(b) which gave time limit 22/04/2022. Notice u/s.148 is also received requiring the assessee to file return of income within 30 days.
The Assessee should file its return in compliance with Notice issued under section 148 of the Act and participate in the assessment proceedings. Merely because reassessment proceedings have been initiated does not mean that additions will be made.
Disclaimer: This article is only for general information and is not intended to provide legal advice. Readers desiring legal advice should consult with an experienced professional to understand the current law and how it may apply to the facts of their case. Neither the author nor itatonline.org and its affiliates accepts any liabilities for any loss or damage of any kind arising out of any inaccurate or incomplete information in this article nor for any actions taken in reliance thereon. No part of this document should be distributed or copied (except for personal, non-commercial use) without express written permission of itatonline.org