Enquiry before Assessment - Notice under section 142(1)

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..... s not filed a return of income within the time allowed u/s 139(1) or before the end of the relevant AY. Section 142(1)(ii) For the purpose of making an assessment, AO can issue notice- To produce Books of A/c s documents (Max 3 years prior to relevant PY) To furnish information including details of asset liabilities (prior approval of JC required if information demanded is related to Assets Liabil .....

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..... tus as not ordinarily resident was rejected and he was treated as ordinary resident, it was held that the determination of residential status after hearing the evidence was part of assessment u/s 143(3) and the could not have been determined in notice u/s 142(1) while calling the information. [ Vijay Mallya v ACIT Others 2003 (7) TMI 33 - Cal. HC ] (5) Prescribed income- tax authority under second .....

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