Statutory notices under section 139(2): mandatory issuance to newly registered companies to secure tax assessment compliance. The Board mandates that notices under section 139(2) be issued in the financial year following registration to bring newly registered companies onto Income-tax Department records and secure assessments; names of companies not undertaking business or incurring losses may be struck off. Commissioners must tally unassessed companies for 1969-70 to 1973-74, direct initiation of assessment proceedings in liable cases before the compliance date, and submit a report detailing initiated proceedings and reasons for non-initiation by the reporting deadline.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Statutory notices under section 139(2): mandatory issuance to newly registered companies to secure tax assessment compliance.
The Board mandates that notices under section 139(2) be issued in the financial year following registration to bring newly registered companies onto Income-tax Department records and secure assessments; names of companies not undertaking business or incurring losses may be struck off. Commissioners must tally unassessed companies for 1969-70 to 1973-74, direct initiation of assessment proceedings in liable cases before the compliance date, and submit a report detailing initiated proceedings and reasons for non-initiation by the reporting deadline.
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