Notice of Demand - Section 156

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..... ermined to be payable by the assessee or the deductor u/s 143(1) or section 200A, the intimation under those sub-sections shall be deemed to be notice of demand for the purpose of section 156. 3. Where the income of the assessee of any assessment year, beginning on or after the 01.04.2021, includes income of the nature specified in section 17(2)(vi) and such specified security or sweat equity s .....

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..... n by the Assessing Officer as per section 210 * Recovery proceedings would be invalid if the relevant notice of demand had not been served. * Section 156 provides for a vital step to be taken by the Assessing Officer without which the assessee cannot be termed as defaulter. The use of the term "shall" in section 156 implies that service of the notice of demand is mandatory before initiating re .....

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