In Dec last year, our private ltd company [virtually defunct] got a Notice u/S.143 followed thereafter by Notice u/S.142. We provided all the information demanded. Subsequently the Assessing officer issued 3 more Notices u/S.142. Again we provided the information demanded. Now another Notice u/142 has arrived, again for some further trivial information. We will duly respond. My query is this:
Is there any statutory specification as to what information can or may not be demanded?
Is there any statutory period within which the Assessment has to be closed?
If so, please give me the relevant sections.
Someone suggested to go and 'settle' the matter personally with the ITO, however we have nothing to hide and have decided not to go down that route, which does not mean we can be harassed incessantly.
What would constitute harassment?
Thanks in advance.