Notice under Section 142(1) is for:
AAppeal
BFinal assessment (per relevant Section) (per relevant Section)
CLevying penalty
DCompelling production of accounts/info or filing of return
Answer & Solution
Correct answer: D. Compelling production of accounts/info or filing of return
1. Section 142(1): AO can require assessee to file return (if not filed), produce accounts/documents, or furnish information.
2. Preparatory to assessment under 143, 144 or 147.
3. Special audit under 142(2A) possible.
_Source: ICAI BoS CA Final Paper 7, Ch 15 "Assessment Procedure"_
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