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Question ID : 44442

212760

Plse confirm "whether show cause notice is issued now for the AY 2012-13 to reopen the case U/s. 148" is valid..?

Posted by CA. M. Santhosh Reddy on Mar 13, 2023

Filed Under DIRECT TAXES

Answer ID : 83957

It depends on the amount escaped. If it is less than 50 Lakh then 3 years otherwise 10 years from the end of relevant AY.

Posted by VINAY BHARGAV KUMAR G on Mar 18, 2023