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

[Surender Gupta]

As per the facts the date mentioned in the query 30/12/2010 should be 30/12/2009. Considering the issue, the action of the Assessing officer can not be find faulted. You need to approach the AO and appellate authority for remedial and corrective steps. The remedy of appeal or rectification or any other remedy can be suggested only after full verification of facts, records, assessment order etc. You may approach your consultant for appropriate guidance.

[RAJESH DHANDA]

file an appeal with cit appeals for the relief with in 30 days . if time elapsed then make an application for revision of order to cit

AI Summary

Non service of reopening notice can lead to best judgment assessment; pursue appeal or revision remedies promptly. Non service of a reopening notice resulted in a best judgment assessment after the notice was returned undelivered and the assessing officer attached bank funds. The taxpayer should first approach the assessing officer to review service and assessment records. Procedural remedies include filing an appeal with the appellate authority within the prescribed period, or, if time barred, applying for revision or pursuing rectification or other corrective steps depending on factual verification.