Black money
This query is : Resolved
CA Himanshu Malviya
(Querist)
09 July 2012
suppose mr X had not filled return right from he was earned till now but he was liable to fill return ( income more than maximum limit chargable to tax) and assessment more than 6 years is not open by AO
whats happend in case od rade
whats happend in case od rade
09 July 2012
IT Dept has right to search & seize the money, imprisonment, issue notices, investigate etc.
CA Himanshu Malviya
(Querist)
09 July 2012
but income tax department has not right to open cases more than 6 years even person having a black income
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