https://www.taxtmi.com/acts?id=6558 If the assessing officer has a reason to believe that chargeable expenditure has escaped assessment, he may serve a notice containing requirements akin to the return notice and proceed to assess or reassess. If the belief stems from the assessee's omission to file a return or failure to disclose material facts, the officer may act at any time; where the belief is based on information in the officer's possession without such omission, the officer's power to issue notice and reassess is confined to a statutory time limit measured from the end of the assessment year. en-us Sat, 19 Jan 2008 22:45:54 +0530 Fri, 06 Mar 2009 10:12:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=6558 If the assessing officer has a reason to believe that chargeable expenditure has escaped assessment, he may serve a notice containing requirements akin to the return notice and proceed to assess or reassess. If the belief stems from the assessee's omission to file a return or failure to disclose material facts, the officer may act at any time; where the belief is based on information in the officer's possession without such omission, the officer's power to issue notice and reassess is confined to a statutory time limit measured from the end of the assessment year. Act-Rules Direct Taxes Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=6558