Inquiry before assessment.

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....e 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 which he is....

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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 relevant 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 inquir....

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....ounts audited by an accountant, and to furnish a report of such audit in the prescribed form duly signed and verified by such accountant and setting forth such particulars, as may be 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 form a....

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....y, on his own motion, or on an application made in this behalf by the assessee 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 s....