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of <h1>Assessing Officer must record reasons before issuing notice for escaped fringe benefits assessment under Section 115WH</h1> Section 115WH of the Income Tax Act, 1961 governs the procedure for issuing notices when fringe benefits have escaped assessment. The Assessing Officer must serve notice requiring the assessee to furnish a return of fringe benefits before making assessment or reassessment under section 115WG. The officer must record reasons before issuing notice. Generally, no notice can be issued after six years from the relevant assessment year's end. However, if prior assessment exists, notice cannot be issued after four years unless the Principal Chief Commissioner or Chief Commissioner approves based on recorded reasons, determining it a fit case for notice issuance.
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