{"id":34991,"date":"2023-06-30T10:34:37","date_gmt":"2023-06-30T05:04:37","guid":{"rendered":"https:\/\/itatonline.org\/digest\/?post_type=qa&#038;p=34991"},"modified":"2023-06-30T10:34:37","modified_gmt":"2023-06-30T05:04:37","slug":"validity-of-assessment-pursuant-to-notice-u-s-148-issued-with-shorter-period","status":"publish","type":"qa","link":"https:\/\/itatonline.org\/digest\/qa\/validity-of-assessment-pursuant-to-notice-u-s-148-issued-with-shorter-period\/","title":{"rendered":"VALIDITY OF ASSESSMENT  PURSUANT TO NOTICE U\/S. 148 ISSUED WITH SHORTER PERIOD"},"content":{"rendered":"<p>As per the amendment brought in by the Finance Act 2023 with effect from 1.4.2023 in Section 148 of the Income tax Act, notice for reassessment is required to be issued by the AO requiring the assessee to furnish within <em><strong>&#8220;a period of three months from the end of the month in which such notice is issued or such further period as may be allowed by the Assessing Officer on the basis of an application made in this regard by the assessee&#8221;.<\/strong>\u00a0\u00a0<\/em>This means that the assessee is to be given not less than 3 months&#8217; time to file return in response to Notice u\/s. 148.\u00a0 However, the Department still continues to issue (even after 1.4.2023) notices u\/s. 148 requiring the assessee to file the return of income within 30 days.<\/p>\n<p>How far such notices giving less time than that is prescribed by the law are valid?\u00a0 Whether reassessments completed in pursuance of such notices can be challenged as invalid?<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","qa_expert":[],"qa_category":[23],"qa_tag":[136,71],"class_list":["post-34991","qa","type-qa","status-publish","hentry","qa_category-income-tax","qa_tag-reassessment","qa_tag-reopening-of-assessment"],"acf":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa\/34991","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/qa"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=34991"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=34991"}],"wp:term":[{"taxonomy":"qa_expert","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_expert?post=34991"},{"taxonomy":"qa_category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_category?post=34991"},{"taxonomy":"qa_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_tag?post=34991"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}