Issue of notice where income has escaped assessment - Section 148 - From 01.09.2024

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....nt or recomputation under section 147, - • From 30.03.2026 - the Assessing Officer shall issue a notice to the assessee, requiring him to furnish, within such period as may be specified in the notice, not being less than thirty days from the date of such notice but not exceeding three months from the end of the month in which such notice is issued, a return of his income or incom....

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....r passed under section 148A(3). • No notice shall be issued u/s 148 unless  • there is information with the Assessing Officer which suggests that the income chargeable to tax has escaped assessment in the case of the assessee for the relevant assessment year. • the meaning of "the information with the Assessing Officer which suggests that the income char....

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....ecified in the notice issued u/s 148(1), shall not be deemed to be a return under section 139. Meaning of "The information with the Assessing Officer which suggests that the income chargeable to tax has escaped assessment" [ Section 148(3) ] • The information with the Assessing Officer which suggests that the income chargeable to tax has escaped assessment means,- (i)....