In my opinion, first you should file return in response to notice u/s 148, with interest income only. Kindly consider the fact that, if return is not filed in time, then other consequences may arise like interest u/s 234B, penalty for not filing the return etc.
Thereafter submit the return along with a letter, stating that the notice is without jurisdiction and the return is filed under protest. Vide the letter also ask for the copies of reasons recorded. After receiving the reasons, objections can be filed.
Various objections can be placed, like:
* Notice is without jurisdiction,
*No approval taken
* Reasons recorded are bad in Law.
Reply can be filed online after logging in your account on incometaxindiaefiling.gov.in. You can attach the reply after signing the same.
Jyoti Gupta
(cajyoti1989@gmail.com)
Thereafter submit the return along with a letter, stating that the notice is without jurisdiction and the return is filed under protest. Vide the letter also ask for the copies of reasons recorded. After receiving the reasons, objections can be filed.
Various objections can be placed, like:
* Notice is without jurisdiction,
*No approval taken
* Reasons recorded are bad in Law.
Reply can be filed online after logging in your account on incometaxindiaefiling.gov.in. You can attach the reply after signing the same.
Jyoti Gupta
(cajyoti1989@gmail.com)