TaxTMI 
TaxTMI 
Question - What are proposed changes in approval regime for issue of notice for re-assessment in Finance Bill 2015 ?
Simplification of approval regime for issue of notice for re-assessment
28 Feb 2015 
1 Reply 
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Approval requirement for reassessment notices limits assessing officers: Joint Commissioner approval within four years, senior commissioner thereafter.
An assessing officer shall not issue a notice under section 148 within four years from the end of the relevant assessment year without approval of the Joint Commissioner, and shall not issue a notice beyond four years from the end of the relevant assessment year without approval of the Principal Chief Commissioner, Chief Commissioner, Principal Commissioner or Commissioner. (AI Summary)
An assessing officer shall not issue a notice under section 148 within four years from the end of the relevant assessment year without approval of the Joint Commissioner, and shall not issue a notice beyond four years from the end of the relevant assessment year without approval of the Principal Chief Commissioner, Chief Commissioner, Principal Commissioner or Commissioner. (AI Summary)