Change of address - non service of notice u/s 148 - best judgment assessment

[MADHUSUDHAN B]

Dear Sir I was relocated my residential place from Chennai to Hydrabad on September 2009 i applied for PAN change of address on 8/01/2010 mean time the ITO issued notice on 19/08/2009 for assessment of AY2007-08 the same is returned and The ITO Made best Judgement on 30/12/2010. ITO given Bank attachment for Rs 2.5 Lakhs on 18 th March 2010 then only i Know about the best Judgement. What is the remedies available for re assessment/apple/rectification ? pls help me friends

AI Summary

Individual Seeks Remedies for Undelivered Notice Under Section 148: Options for Reassessment or Rectification Explored An individual relocated from Chennai to Hyderabad and applied for a PAN address change in January 2010. However, a notice under Section 148 for the assessment year 2007-08 was issued in August 2009 and returned undelivered. A best judgment assessment was made in December 2009, and a bank attachment for Rs 2.5 lakhs was issued in March 2010. The individual seeks advice on remedies for reassessment or rectification. Responses suggest approaching the Assessing Officer and appellate authority for corrective steps, filing an appeal with CIT Appeals within 30 days, or applying for a revision if the appeal period has elapsed.