AO can issue notice u/s 148 despite non expiry of time limit for issuing notice u/s 143(2)

The assessee had furnished return of income for the year under consideration on 15.02.2010. Admittedly, the said return of income was not processed by the Assessing Officer. However, notice under section 148 of the Act was issued on 05.03.2010 i.e. during the period when the notice under section 143(2) of the Act could also be issued. The Assessing Officer recorded the following reasons for initiating the re-assessment proceedings under section 147 of the Act and thereafter issued notice under section 148 of the Act :

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