143(2)

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Querist : Anonymous

Querist : Anonymous (Querist)

24 July 2013 ITD has sent a notice u/s 143(2) to assesse regarding concealment of income for A.Y 2002-03. AO is of opinion that commission expences shown there is not real and is made just to save tax. Assesse doesn't have proper documents regarding the same and will not be able to cope up with tomorrow's hearing with AO. Also, you have to prepare documents to prove the same for the next hearing as decided by AO.

how can I solve this question?

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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24 July 2013 Firstly tell me how can ITD issue you notice of AY 02-03 u/s 143(2)?

Querist : Anonymous

Querist : Anonymous (Querist)

24 July 2013 its just a question given in the CA final Exam , i just asked what is interpratation under this case

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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24 July 2013 scrutiny assessment is never done on basis of opinion....there has to be some to believe that ao has prof that documents are absent...assessee will find all the sources on the basis of which entries were booked.

Querist : Anonymous

Querist : Anonymous (Querist)

24 July 2013 but what if assesse doesnot have any sources on the basis of which entries were booked....
and how assesse prepare himself for the documents to prove the same for the next hearing as decided by AO

Querist : Anonymous

Querist : Anonymous (Querist)

24 July 2013 can you tell me that why are ask such a question like -firstly tell me how can ITD issue you a notice of AY 02-03 u/s 143(2)??
i mean is there any hidden rule regarding this case......

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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24 July 2013 they issue such notice for detailed assessment to be made for itr which is filled in prev year contains how much truth i.e whether all income is disclosed fully and truly as required by act and whether any deduction or exemption is not taken in excess then what is actually allowed etc, whether proper tax as applicable is cal n paid etc.

Querist : Anonymous

Querist : Anonymous (Querist)

24 July 2013 but my friend told me that in this question there is a hidden thing that major of people get wrong /....i just confirm it that is this any such thing that generally no one can notice that i can missed too...

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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24 July 2013 what is the hidden thing in dis?

Querist : Anonymous

Querist : Anonymous (Querist)

24 July 2013 means there z some hidden rule or sections which prove that this case had some wrong information regarding AY 2002-03 and sections....

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