Dear Sir,
I am unable to understand you question. Please rephrase it.
income chargeble to tax for year 2010-11 has escaped assessment under section 147 of incometax act. after sanction from pr. commissionar of I.t. similar notice was served on 30/03/16 for not showing two district bank tranzaction. this notice is for the same reason and as this account closed in 2016. notice will be given for six years continuously?kindly give proper advise.
Yes, As per the revised law they can send you notice of last 14 - 15 years if they have details which mismatch with return filed by you.
You need to submit required details and justify your transaction.
Hi,
Request you to contact a good local CA in this regard. You or your CA will have to first visit the officer and file response to the notice within the time specified in the Notice
six year limit is there for hidden income above six lakh. date of notice is important? how to count six years? date of recept of notice or date written in notice?
can we fight for late recept of notice?
Sir
in your question you received 148 notice for AY 2010-2011 . The reason of not showing Bank Account is for sending the notice U/s. 148 and reopening of assessment.
They can give 148 as for AY 2010-11 the last date of notice was 30-03-2016 and was served before that date. So it is a valid notice. You need to give proper answer to the same.
Sir, Six years limit is no longer there after 01/04/2016. They have extended that period to 15 years.
Hello Sir,
I need to go through the copy of all your notices/ order copy and your replies to them in order to guide with the further course of action. But yes, if the notice is received late then you can very well fight it out.
Regards
Keerthiga Padmanabhan
M.Com., CA, LLB
Hello Sir,
If the notice received by you is time barred, then you can very well write a letter to your Assessing Officer stating the the notice is time barred and hence invalid.
Trust this clarifies your query.
Feel free to call / get back in case of further clarifications.
Thanking You.
Regards,
Rohit R Sharma
BCOM, ACA, LLB-GEN, CERT. FAFP