Enquiry before Assessment - Notice under section 142(1)

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....as not filed a return of income within the time allowed u/s 139(1) or before the end of the relevant AY. Section 142(1)(ii) For the purpose of making an assessment, AO can issue notice- • To produce Books of A/c's & documents (Max 3 years prior to relevant PY) • To furnish information including details of asset & liabilities (prior approval of JC required if in....

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....142(1)(ii) can be issued whether the assessee has filed return of income or not but it can be served only after the time allowed u/s 139(1) has expired. • (3) If the return is not furnished by the assessee, then it is not mandatory for the AO to serve notice u/s 142((1)(i) for filing the return of income in case he wishes to make best judgement assessment u/s 144. • (4) W....