Income tax
This query is : Resolved
31 May 2019
There was air information with department of sale deed of 54 Lacs. Notice of inquiry sent. It was replied. Ito filed it without any adverse comments. After some time, his case was opened by new Ito under 148.
Now facts of case: A has adopted his wife's bhatija as A didn't have child. Adoption was not written. A made a will in favour of his son. Than A asked son that he should get his land registered in his name to avoid any litigation after death. They executed sale deed and write that consideration is received. But in actual there was no consideration. While first proceedings A has given affidavit that he didn't receive any consideration. ITO FILED THE CASE. BUT NEW ITO OPENED AND MADE ADDITION and state that in sale deed A has admitted before tehsildar that he has received consideration. I asked CIT A, she said we have confirmed additions in the like wise case but it may be quashed in itat etc. What's your advice?
Now facts of case: A has adopted his wife's bhatija as A didn't have child. Adoption was not written. A made a will in favour of his son. Than A asked son that he should get his land registered in his name to avoid any litigation after death. They executed sale deed and write that consideration is received. But in actual there was no consideration. While first proceedings A has given affidavit that he didn't receive any consideration. ITO FILED THE CASE. BUT NEW ITO OPENED AND MADE ADDITION and state that in sale deed A has admitted before tehsildar that he has received consideration. I asked CIT A, she said we have confirmed additions in the like wise case but it may be quashed in itat etc. What's your advice?
01 June 2019
There is no any adoption deed. Do you have any evidence showing that some RITUALS had been done for the said adoption?
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ITDS U/S.194T of Firm
- Difference between Date of Payment and Date of Deduction?
- Unregistered suppliers utility
- Non-Compliance documents have not been submitted by the contractors debited
- EXPORT COMMERCIAL INVOICE HSN CODE
- Bank details not Visible on Traces Portal
- FCRA 6 E- Intimation
- Same demand raised for original as well as rectification request return
- Sale of property held jointly with a non resident Indian
- TDS ON EMAIL DOMAIN SERVICE BILL
- CAPITAL GAIN BASE ON NOTIFICATION
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- Eway bill not cancelled within 24 hous what can be due
- TDS Deducted AY-2013-14 Not Reflected in 26as
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
