Scruityni u/s 143

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

08 March 2012 I have file IT return for a.y 2009-10 in this return i have shown only agricultural income and my return is selected for scrutiny and ITO made addition that i have purchase one shop is not reflated in my balance sheet of amounting is 350000 and there for 350000 is addition in my total income and sent demand notice for it. It is right or wrong.In this matter i have filed an appeal to commissioner

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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09 March 2012 Firstly, when you were not liable to file tax return, you have filed it without properly disclosing the Statement of Affairs/ Balance Sheet in your Return.

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Now, if you can substantiate the source of acquiring the property as out of Agriculture Income, the addition may be deleted by the
App. Authority.

Querist : Anonymous

Querist : Anonymous (Querist)

11 March 2012 thank you for help

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