Applicability of Section 269SS/269T
This query is : Open
21 May 2010
One of my client is a goverment employee. During the year 07-08 he has received cash of Rs. 10.00 lacs from his brother (who is a contractor) for payment of labor. The cash received was first deposited in saving a/c and then withdraw on various dates and paid to labor on behalf of his brother. Now the case was selected for scrutiny and AO is asked for source of fund.
if we show the amount as advance received from brother for payment on his behalf to labor. Whether AO can evoke section 269SS/TT for received of advance in cash??? Please also suggest any other measure to safeguard the client.
if we show the amount as advance received from brother for payment on his behalf to labor. Whether AO can evoke section 269SS/TT for received of advance in cash??? Please also suggest any other measure to safeguard the client.
Guest
Guest
(Expert)
21 May 2010
RS 10.00???????
21 May 2010
Rs. 10.00 lacs
27 May 2010
Please help Some one
28 May 2010
what happen to all experts nobody have suggestion for me????????
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