23. 142(1) 143(2) Assessment not possible Assessment only if the notice is served Books of accounts can be called for 3 years No such provisions. AO can invoke sec 131 and call for earlier records Notice can be issued even if the return of income is not filed Notice can be issued only if the return is filed Non compliance is an offence liable for prosecution Non compliance is not an offence

34. Situation Time limit If the income, which has escaped assessment amounts to or likely to amount to Rs. 1 lakh or more for that year Within 6 years from the end of the relevant assessment year. Any other case Within 4 years from the end of the relevant assessment year. Agent of non – resident – sec 149(3) Within 2 years from the end of the relevant assessment year.

37. Assessment Time limit u/s 143(3) / 144 21 months from the end of the relevant A Y 33 months if referred to TPO FBT – u/s 115WE / 115WF 21 months from the end of the relevant A Y FB escaping assessments 9 months from the end of the financial year in which notice u/s 115WH was served Income escaping assessment - sec 147 9 months from the end of the financial year in which notice u/s 148 was served Fresh assessment order due to order u/s 250 /254/ 263 /264 9 months ( 21 months if after 1-4-06) from the end of the financial year in which -order u/s 250 /254 is received or order u/s 263 / 264 is passed

44. Thank you [email_address]