NOTICE UNDER SECTION 148 OF INCOME TAX ACT.
NOTICE UNDER SECTION 148 OF INCOME TAX ACT. When a notice u/s 148 is received the assessee is asked to file a return of the relevant assessment year. After filling the return, the assessee should ask for the copy of reasons recorded for issue of notice u /s 148 and can file objection to the issuance of notice. The assessee should ask specifically assessing officer to pass a speaking order. This issue is dealt in the Judgment of Honorable Supreme Court in GKN Driveshafts (India) Ltd vs ITO (2003)...
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