https://www.taxtmi.com/article/detailed?id=9932 A valid notice for penalty or reassessment must be clear and specific: penalty notices must identify the particular limb relied upon rather than use omnibus printed forms, and reassessment notices under sections 147/148 must state whether assessment or reassessment is proposed and whether income or loss is targeted. The assessing officer must record cogent reasons, examine the return on record, and the sanctioning authority must show application of mind; recorded reasons should accompany the notice, objections allowed, and a speaking order issued if proceedings continue. en-us Tue, 03 Aug 2021 10:10:20 +0530 Tue, 03 Aug 2021 10:10:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9932 A valid notice for penalty or reassessment must be clear and specific: penalty notices must identify the particular limb relied upon rather than use omnibus printed forms, and reassessment notices under sections 147/148 must state whether assessment or reassessment is proposed and whether income or loss is targeted. The assessing officer must record cogent reasons, examine the return on record, and the sanctioning authority must show application of mind; recorded reasons should accompany the notice, objections allowed, and a speaking order issued if proceedings continue. Articles Income Tax Tue, 03 Aug 2021 10:10:20 +0530 https://www.taxtmi.com/article/detailed?id=9932