Inquiry before assessment.

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.... case the time allowed under section 263(1) for furnishing the return has expired, a notice requiring him, on a date to be specified therein,- (a) where such person has not made a return within the time allowed under section 263(1) or before the end of the financial year succeeding the relevant tax year, to furnish a return of his income or the income of any other person in respect of whi....

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....(b) the Assessing Officer shall not require the production of any accounts relating to a period more than three years prior to the relavant tax year. (3) A notice under sub-section (1)(a) may also be served by the prescribed income-tax authority. (4) For the purposes of obtaining full information in respect of the income or loss of any person, the Assessing Officer may make such inquiry as h....

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....nd to furnish a report of such audit in the such form duly signed and verified by such accountant and setting forth such particulars, as prescribed, and such other particulars as the Assessing Officer may require; (ii) to get the inventory valued by a cost accountant, and to furnish a report of such inventory valuation in the prescribed as duly signed and verified by such cost accountant ....

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....e and for any good and sufficient reason, subject to the provisions of sub-section (10), extend the period referred to in sub-section (8) by such further period or periods as he thinks fit. (10) The aggregate of the period originally fixed under sub-section (8) and the period or periods so extended, as referred to in sub-section (9), shall not, in any case, exceed six months from the end of the....