addition made by survey team
This query is : Resolved
15 March 2009
If no accounting record are maintained by the assessee ( brick klin owner )then how
the survey team calculate amount of addittion ?
1) They made addittion on approximate basis
worth RS : 5 Lac, is it legal ?
What remedies can assessee claimed ?
the survey team calculate amount of addittion ?
1) They made addittion on approximate basis
worth RS : 5 Lac, is it legal ?
What remedies can assessee claimed ?
CA.MANOJ LAMBA
(Expert)
16 March 2009
in survey, the assessing authorities are only authorised to collect information not to make additions to income. if they found any thing suspicious, then they can take the same with him & on the basis of same , the can open your assessments & make additions accordingly.
or alternatively, additions can be made only when assessee surrenders additional income at the time of surrender.
thnaks
or alternatively, additions can be made only when assessee surrenders additional income at the time of surrender.
thnaks
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