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of <h1>Section 148A: Inquiry and Hearing Required Before Income Tax Notice Issuance; Exceptions for Searches and Seizures.</h1> Section 148A of the Income-tax Act, introduced by the Finance Act, 2021, requires the Assessing Officer to conduct an inquiry and provide the assessee an opportunity to be heard before issuing a notice under section 148. The process involves obtaining prior approval from a specified authority, serving a show-cause notice, considering the assessee's response, and deciding on the issuance of a notice based on the available material. This section does not apply if a search is initiated or assets are seized under sections 132 or 132A from April 1, 2021, and are linked to the assessee.
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