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Section 148 – Income Tax Act, 1961

Income Tax Act, 1961

 

 

Section 148. ISSUE OF NOTICE WHERE INCOME HAS ESCAPED ASSESSMENT.

 

(1) Before making the assessment, reassessment or recomputation under section 147, the Assessing Officer shall serve on the assessee a notice requiring him to furnish within such period, as may be specified in the notice, a return of his income or the income of any other person in respect of which he is assessable under this Act during the previous year corresponding to the relevant assessment year, in the prescribed form and verified in the prescribed manner and setting forth such other particulars as may be prescribed; and the provisions of this Act shall, so far as may be, apply accordingly as if such return were a return required to be furnished under section 139.

 

(2) The Assessing Officer shall, before issuing any notice under this section, record his reasons for doing so.

 

Related Judgements

 

COMMISSIONER OF INCOME-TAX v. SURESH CHANDRA MITTAL.

 

TUTICORIN VEGETABLE MARKETING CO. (P) LTD. v. INCOME-TAX OFFICER & ANR.

 

P. C. JOSEPH & BROTHERS v. COMMISSIONER OF INCOME-TAX.

 

COMMISSIONER OF INCOME-TAX v. KANUBHAI ENGINEERS (P) LTD.

 

COMMISSIONER OF INCOME TAX v. R. RAMALINGAIR.

 

RANCHI HANDLOOM EMPORIUM v. COMMISSIONER OF INCOME TAX & ANR.

 

 

 

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Income Tax Act, 1961 

 

Indian Laws – Bare Acts

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