Question ID : 595

Recovery Proceedings as per Schedule II

Recovery ed to Assessment year 1986-87 on A. A died 1988 and the busess taken over by As elder brother. Elder brother also died. Now the recovery , demand notice served on As Son the year 2005 with tax ter and penalty under Sec 222.
Quion:
Is there any limitation period applicable on recovery proceedgs
Is the notice served on son (legal representative)ed to assessment year 1986-87 (at the time of death of the father he was mor) the year 2005 is valid
Is there any waiver provisons avaible for tax ter and penalty
'

Post Your Answer

Please login to post your answer.