Reasonable time limit for issue of notice u/s 201(1)/201(1A) is 4 years

Adabala Manmohan Vs ITO (ITAT Visakhapatnam)

Reasonable time limit for issue of notice u/s 201(1)/201(1A) is 4 years

In this case the admitted facts are that the assessee has purchased a property during the FY 2010-11 relevant to the AY 2011-12 on 7/3/2011. The assessee has paid a sum of Rs. 54,22,000/- out of which Rs. 50,39,500/- was paid to the NRI. As per the provisions of section 195 of the Act, the assessee is required to deduct tax at source on payments made to non-

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