Time limit for Notice - Section 149

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....eal that income chargeable to tax in the form of - * (i) an asset, include immovable property, being land or building or both, shares and securities, loans and advances, deposits in bank account. * (ii) expenditure in respect of a transaction in relation to an event or an occasion ; or * (iii) an entry or entries in the books of account, which has escaped assessment amount to or is likely t....

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....me or extended time allowed to assessee to file response of SCN u/s 148A; and * Time during which proceedings u/s 148A stayed by order of any court. 4. Where due to stay order or injunction of any court, If AO is having less than 7 days does not exceed 7 days [Amended by FA, 2023] to pass order u/s 148A then AO will get time of 7 days to pass order u/s 148A and time period to issue notice u/....

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....tion suggesting that income has escaped assessment as per explanation 2 to section 148 ] (b) Where the information as referred to in explanation 1 to section 148 emanates from statement recorded or documents impounded u/s 131 i.e. summons or section 133A i.e., survey as the case may be, on or before the 31st March of a financial year, in consequence of, a search initiated or last of the authoriza....