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Tag Archives: Interest and penalty in 148

How to Respond 148 Notice

Today we will discuss topic Notice under section 148 will be issued by the department if the AssesseeĀ  has not filed the Return or file the return with income escaping. Brief on Section 148 Income Es capping assessment If the AO has reason to believe that any income chargeable to tax has escaped assessments, he may assess or reassess such ... Read More »