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Query regarding notice u/s.142(1)

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..... Query regarding notice u/s.142(1)
Query (Issue) Started By: - Himatlal Pandit Dated:- 12-2-2011 Last Reply Date:- 19-2-2011 Income Tax
Got 2 Replies
Income Tax
Sir, Our client has receiv .....

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..... ed notice u/s. 142(1),for A.Y.2009-10, from A.O.for funishing Trading A/c.,Profit & Loss A/c. and Balance sheet for Accounting year 2008-09, though notice u/s. 143(2) is not received upto 30-09-2010.C .....

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..... an A.O. can ask the said documents though case is not under scrtiny assessment for A.Y.2009-10. Whether A.O. can ask the abovesaid documents for A.Y.2010-11, by issuing notice u/s. 142(1)? Please give .....

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..... reply of our query. Thanking you,sir, Yours faithfully, For, Pandit & pandit Chartered Accountants. Reply By CA Rachit Agarwal: The Reply: AO cannot ask for financial statements for the AY- 200 .....

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..... 9-10, if the notice not issued before 30.09.2010 provided the return is filed in the year 2009-10. The assessment would be time barred assessments pursuant to section 143(2)(ii). AO can defninitely a .....

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..... sk for the financial statements for the AY 2010-11, provided the notice is issued before 30.09.2011. Reply By KAMAL PODDAR : The Reply: what happens if notice is issued but not received
Discussio .....

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..... n Forum - Knowledge Sharing .....

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