Section 148 Notice Under Income Tax Act.
Expert Assistance for Reassessment Proceedings.
Receiving a notice under Section 148 of the Income Tax Act can be stressful. It means the Income Tax Department believes that income has escaped assessment and wants to reopen a completed assessment for a past year.
At N D Savla & Associates, we help individuals, professionals, and businesses respond to Section 148 notices with clarity, accuracy, and strong legal backing—while ensuring your rights are fully protected.
What Is a Section 148 Notice?
A Section 148 notice is issued when the Assessing Officer has “reason to believe” that taxable income was not disclosed or was underreported in a previous assessment year.
This notice requires you to:
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Refile or revise your income tax return for the specified year
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Provide explanations, documents, and justifications
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Face reassessment proceedings that may lead to additional tax, interest, or penalty
Ignoring or mishandling a Section 148 notice can lead to serious financial consequences.
Common Reasons for Section 148 Notices :
Section 148 notices are commonly triggered due to:
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Mismatch between income reported and data available with the department
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High-value transactions not properly explained
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Undisclosed capital gains or investments
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Cash deposits or foreign income disclosures
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Information received from third parties or investigation wings
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Errors or omissions in earlier returns
Each case requires a tailored response. There is no one-size-fits-all reply.
Why Professional Handling Matters ?
Reassessment proceedings are technical and time-bound. A poorly drafted response or incomplete documentation can weaken your case from the start.
Our role is not just compliance—it is defensive tax strategy.
We:
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Examine the validity of the notice
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Assess whether proper approval and procedure under law has been followed
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Draft legally sound replies backed by facts and judicial precedents
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Represent you before the Assessing Officer
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Minimise tax exposure and prevent unnecessary litigation
Our Section 148 Services :
-Notice Review & Legal Validity Check
We evaluate whether the notice has been issued lawfully, including limitation periods, approval requirements, and procedural compliance.
-Drafting Reply to Section 148 / 148A Notices
Clear, structured, and legally defensible replies tailored to your facts and financial records.
-Reassessment Return Filing
Preparation and filing of revised returns as required under reassessment proceedings.
-Documentation & Explanation Support
Compilation and presentation of bank statements, capital gains working, investment proofs, and transaction explanations.
-Representation Before Income Tax Authorities
Professional handling of hearings, submissions, and follow-ups with the Assessing Officer.
-Closure, Appeal & Further Remedies
If required, we assist with rectification, appeal before CIT(A), or further litigation support.
Who We Assist ?
We regularly handle Section 148 matters for:
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Salaried individuals & senior citizens
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Business owners and professionals
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NRIs and foreign income cases
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Startups and SMEs
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High-net-worth individuals
Whether the matter is straightforward or complex, we handle it with discretion and precision.
Why Choose N D Savla & Associates ?
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Experienced Chartered Accountants with reassessment expertise
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Strong understanding of procedural and judicial aspects
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Clear communication and transparent process
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Timely handling to meet strict statutory deadlines
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Trusted by clients across Mumbai and India
We don’t escalate matters unnecessarily. We focus on resolution.
Don’t Ignore a Section 148 Notice.
A Section 148 notice is not a routine query. The way you respond determines the outcome.
If you have received a notice—or expect one—speak to our team before taking any action.
Get professional guidance. Protect your position. Stay compliant.
