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TMI BlogSubstitution of new sections for sections 148 and 148A.X X X X Extracts X X X X X X X X Extracts X X X X ..... ere income has escaped assessment. 148. (1) Before making the assessment, reassessment or recomputation under section 147, the Assessing Officer shall, subject to the provisions of section 148A, issue a notice to the assessee, along with a copy of the order passed under sub-section (3) of section 148A, requiring him to furnish, within such period as may be specified in the notice, not exceeding th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d verified in such manner and setting forth such other particulars, as may be prescribed, and the provisions of this Act shall, apply accordingly as if such return were a return required to be furnished under section 139: Provided that any return of income required under sub-section (1), furnished after the expiry of the period specified in the notice under the said sub-section, shall not be deeme ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... information which requires action in consequence of the order of a Tribunal or a Court; or (vi) any information in the case of the assessee emanating from survey conducted under section 133A, other than under sub-section (2A) of the said section, on or after the 1st day of September, 2024. Procedure before issuance of notice under section 148. 148A. (1) Where the Assessing Officer has information ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ssee furnished under sub-section (2), if any, pass an order with the prior approval of the specified authority determining whether or not it is a fit case to issue notice under section 148. (4) The provisions of this section shall not apply to income chargeable to tax escaping assessment for any assessment year in the case of an assessee where the Assessing Officer has received information under t ..... X X X X Extracts X X X X X X X X Extracts X X X X
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