Concealment of income ?
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 November 2011
Respected experts,
i (mistakenly) didn't show one of my bank a/c because, it was fully operated by my father. now iam caught in I.T.O scrutiny.
I.T.O is not accepting this argument. how to prove these transactions are done by my father ? (my father has clean sources of funds for the entire transactions.)
i (mistakenly) didn't show one of my bank a/c because, it was fully operated by my father. now iam caught in I.T.O scrutiny.
I.T.O is not accepting this argument. how to prove these transactions are done by my father ? (my father has clean sources of funds for the entire transactions.)
14 November 2011
You should prove all the genuiness of all the transactions that is credit and debit.. Re-calculate your income and tax and pay accordingly... If you could prove the source of transactions ITO must have to pass an order in its accordance...
Some case laws are also there.. let me find them in the mean time...
Some case laws are also there.. let me find them in the mean time...
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