Enqyuiry for Income Tax
This query is : Resolved
09 December 2010
ASSESSE HAVING NO INCOME FROM SALE OF SCRAP BUT ITO ADDING IN THE ABSENCE OF DETAIL.
HOW TO ANSWER THIS
HOW TO ANSWER THIS
10 December 2010
Adding or already added, if added please write the more details, like nature of business , stock reconcliation position. There must be some reason behind adding the scrap income.
10 December 2010
ITO ISSUED LETTER TO ASSESSEE THAT"ON PERSUAL OF THE PROFIT & LOSS ACCOUNT IT IS NOTICED THAT THE ASSESSEE HAS NOT SHOWN ANY INCOME SHOULD NOT BE MADE IN THE ABSENCE OF DETAIL."
ASSESSEE HAVING DEALERSHIP OF MARUTI CAR
ASSESSEE HAVING DEALERSHIP OF MARUTI CAR
10 December 2010
ITO ISSUED LETTER TO ASSESSEE THAT"ON PERSUAL OF THE PROFIT & LOSS ACCOUNT IT IS NOTICED THAT THE ASSESSEE HAS NOT SHOWN ANY INCOME SHOULD NOT BE MADE IN THE ABSENCE OF DETAIL."
ASSESSEE HAVING DEALERSHIP OF MARUTI CAR
ASSESSEE HAVING DEALERSHIP OF MARUTI CAR
10 December 2010
The ITO is patently wrong in making an addition at his whims. He has to definitely identify he source and certainty or close proximity of the assessee having earned income from a particular source.He cannot assume hypothetically. Additions made on surmises and conjectures would never be sustained. Please prefer an appeal before he CIT Appeals.
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