Procedure before issuance of notice under section 148 - Section 148A - From 01.09.2024

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...., he shall, before issuing any notice under section 148 provide an opportunity of being heard to such assessee by serving upon him a notice to show cause as to why a notice under section 148 should not be issued in his case and such notice to show cause shall be accompanied by the information which suggests that income chargeable to tax has escaped assessment in his case for the relevant assessmen....

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....oint Commissioner or the Joint Director, as the case may be. [ Section 151 ] 2. The information with the Assessing Officer which suggests that the income chargeable to tax has escaped assessment means, (i) any information in the case of the assessee for the relevant assessment year in accordance with the risk management strategy formulated by the Board from time to time; or (ii) any audit obj....