Issuance of Reassessment Notices u/s 148 of Income Tax Act: CBDT issues Guidelines [Read Notification]

CBDT issues New Guidelines Issued for Income Tax Reassessment Notices
CBDT - Income tax - Reassessment Notice - CBDT notification - Central Board of Direct Taxes - taxscan

The Central Board of Direct Taxes ( CBDT ) under the Ministry of Finance has issued new guidelines for issuing notices under Section 148 of the Income Tax Act, 1961. These guidelines lay down the process for reassessing income that may have escaped initial assessment. The Assessing Officer (AO) can only issue a notice under…

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