| Question And Answer | |
|---|---|
| Subject: | TIME LIMIT FOR ISSUE OF SHOW CAUSE NOTICE U/S 148A(b) FOR AY 2020-21 |
| Category: | Income-Tax |
| Querist: | RAM KUMAR GOEL |
| Answered by: | Law Intern |
| Tags: | reopening of assessment |
| Date: | April 19, 2026 |
WHAT IS TIME LIMIT FOR ISSUE OF SHOW CAUSE NOTICE U/S 148A(b) FOR AY 2020-21 IN CASES OF INCOME ALLEGEDLY CONCEALED IS MORE THAN 50 LAKH
As the income escaping assessment is ₹50 lakh or more, the SCN u/s 148A(b) can be issued within 5 years and 3 months from the end of the relevant AY.
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