https://www.taxtmi.com/circulars?id=65594 Extended reassessment notices issued during the extension period are to be treated as show cause notices under the new section 148A and processed under the new reassessment regime. The Assessing Officer must provide the information and material relied upon within the prescribed short period (with specified exclusions for cases below the monetary threshold), allow the assessee a limited reply with possible extension, and then pass a reasoned order under the new procedure with prior specified authority approval before issuing any fresh notice or serving an order declining issuance. en-us Wed, 11 May 2022 00:00:00 +0530 Fri, 13 May 2022 11:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=65594 Extended reassessment notices issued during the extension period are to be treated as show cause notices under the new section 148A and processed under the new reassessment regime. The Assessing Officer must provide the information and material relied upon within the prescribed short period (with specified exclusions for cases below the monetary threshold), allow the assessee a limited reply with possible extension, and then pass a reasoned order under the new procedure with prior specified authority approval before issuing any fresh notice or serving an order declining issuance. Circulars Income Tax Wed, 11 May 2022 00:00:00 +0530 https://www.taxtmi.com/circulars?id=65594