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

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....tation under section 147, - * 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 exceeding three months from the end of the month in which such notice is issued, a return of his income or income of any other person in respect of whom he is assessable under this Act during the previous year corresponding ....

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....without prior approval of the specified authority. Furnishing return of Income [ Section 148(2) ] * The return of income required u/s 148(1) shall be furnished in such form and verified in such manner and setting forth such other particulars, as may be prescribed, and * the provisions of this Act shall, apply accordingly as if such return were a return required to be furnished under section 1....