Notice u/s 143(2) selected on cass basis

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Hardik Makhecha (Querist)
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12 September 2015 Hello,

I have received notice u/s 143(2) selected on CASS Basis for the A.Y.2014-15.

I have started filling my Income-tax return from the same year i.e. F.Y.2013-14 and the same was timely filled.

There is a High Value Transaction in that year of purchase of property and that may be the reason i find for the above mentioned notice.

To be noted i have also complied with tds provisions of Sec. 194IA on time.

I also had TDS deducted for the first time for which i calculated my income, paid tax and balance refunded.

Now the notice do not mention any specific documents but says to bring all those to justify the ITR Filled.

Please guide me which all documents shall be presented before them?

Moreover, how practically this is dealt with? I mean if the reason for notice is property bought by me then i have sufficient justification regd. source of money i got to buy the same.

I received a gift from my family members and all those money were from PPF Account so there is nothing to hide and facts are clear.

So please guide me if A.O. is satisfied with that then what shall he do further? Can he ask me anything related to previous F.Y. even though no return filled for any previous year and sec 143(2) is only for return filled.

Also please let me know whether on date of hearing if i send my authorised perosn and after presenting and discussing, if it felt needful then can my authorised person demand adjournment or time and i personally shall present in next hearing?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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12 September 2015 Documents for buying the property and documents to prove source for buying the property has to be produced. You can send your authorised representative with available documents and seek time if any further documents are required.
If AO is satisfied he will accept the return and pass order.

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