Section 115WH Income Tax Act 2025 Issue of notice where fringe benefits have escaped assessment.

115WH. (1) Before making the assessment or reassessment under section 115WG, the Assessing Officer shall serve on the assessee a notice requiring him to furnish within such period as may be specified in the notice, a return of the fringe benefits in respect of which he is assessable under this Chapter during the previous year corresponding to the relevant assessment year, in the prescribed form and verified in the prescribed manner and setting forth such other particulars as may be prescribed, and the provisions of this Chapter shall, so far as may be, apply accordingly as if such return were a return required to be fur­nished under section 115WD.

(2) The Assessing Officer shall, before issuing any notice under this section, record his reasons for doing so.

(3) No notice under sub-section (1) shall be issued for the relevant assessment year after the expiry of six years from the end of the relevant assessment year.

Explanation.-In determining fringe benefits chargeable to tax which have escaped assessment for the purposes of this sub-sec­tion, the provisions of the Explanation to section 115WG shall apply as they apply for the purposes of that section.

(4) In a case where an assessment under sub-section (3) of sec­tion 115WE or section 115WG has been made for the relevant as­sessment year, no notice shall be issued under sub-section (1) by an Assessing Officer, after the expiry of four years from the end of the relevant assessment year, unless the ⁴[Principal Chief Commissioner or] Chief Commissioner or ⁴[Principal Commissioner or] Commissioner is satisfied, on the reasons recorded by the Assess­ing Officer, that it is a fit case for the issue of such notice.