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notice u/s 142(1) of the Income tax Act (Taxation)

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This query is : Resolved

Author : Tirupati International

Posted On 21 April 2010 at 17:02

One assessee was assessed u/s 143(3) Scrutiny assessment on computer selection for assessment year 2007-08.
For Assessment year 2008-09 , the assessee has filed IT return. Notice u/s 142(1) has been issued to him .Questionnaire in terms of Section 142(1) has been received by the assessee asking for submission of all details of purchases , salary , bonus , commercial expenses , maintenance charges , closing stock , sundry creditors/debtors etc , as if the assessment proceedings are under section 143(3). Can the ITO resort to sec 142(1) without giving a notice u/s 143(2)/(3) ???


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Expert : Kumar Thadhani

Posted On 21 April 2010 at 22:55

ITO has simultaneously to issue notice u/s 143(2)(3) as well as to issue notice u/s 142(1) if at all he proceeds to assess income u/s 143(3) of the Income Tax Act 1961.

Expert : Vineet

Posted On 22 April 2010 at 10:00

The notice u/s 143(2) is a must for initiating scrutiny proceedings. If the notice u/s 143(2) has not been received by you, ask for a copy and details of service thereof.

Expert : raj kumar makkad

Posted On 22 April 2010 at 21:06

The opinion of vineet is accurate.

Expert : soumitra basu

Posted On 22 April 2010 at 21:27

Notice under section 143 (2) has not only to be issued but has to be served on your client within the stipulated date. If the date is over and your client did not receive any notice, you have to challenge the jurisdiction of the AO and as such you should not take any part in the assessment proceeding in view of the new section.


Posted On 26 April 2010 at 09:19

Notice under Section 142(1)can be issued only for the purpose of making an assessment. If no assessment notice is issued i.e u/s 143(2)no notice u/s 142(1) can be issued



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