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Income Tax - Highlights / Catch Notes

Home Highlights May 2021 Year 2021 This

Validity of reopening of assessment - No statutory notice u/s ...

Case Laws     Income Tax

May 25, 2021

Validity of reopening of assessment - No statutory notice u/s 143(2) has been served - assessee failed to comply with the notice u/s 148 of the Act within the time period specified - Once, the assessee fails to comply with the conditions given in the notice, the assessee losses its right to object to service of notice under section 143(2) of the Act. Before seeking relief on legal grounds, it is incumbent upon the assessee to first comply with the conditions within the time frame prescribed under the notice. - AT

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