| Question And Answer | |
|---|---|
| Subject: | Time limit for issue of notice |
| Category: | Income-Tax |
| Querist: | Suresh Goyal |
| Answered by: | Advocate Shashi Ashok Bekal |
| Tags: | Notice, Search and Seizure |
| Date: | January 31, 2023 |
Dear Sir,
If search is conducted in October 2022, can notice u/s 148 for A.Y. 2013-14 and 2014-15 can be issued as incriminating material for A.Y. 2013-14 and 2014-15 has been seized.
Please clarify.
Thanking You,
By virtue of explanation 1 to the 4th proviso to section 153A(1) of the Income-tax Act, 1961 (Act) read with section 1st proviso to section 149 of the Act, assessment years 2013-14 and 2014-15 can be reopened provided other conditions are satisfied.
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