Show cause notice u/s.144 of i.t.act.

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Querist : Anonymous

Querist : Anonymous (Querist)

27 November 2018 A notice u/s. 148 (I) was received be me for AY 2011-12 during March,2018 asking me the source of cash deposits in my bank to the tune of Rs. 27.00 lac. I had replied the said notice online during Oct.2018. I had not filed the IT return of the said AY, as the income was below taxable limit. To-day, while I was checking status of my IT Return of AY 2018-19 on the income tax portal, I saw a show- cause notice u/s.144 computing my entire cash deposits in bank as my income giving the reasons that I failed to submit required documents asked by ITO. But, I did not get any notice asking for documents as claimed in the said show cause notice. What should I now ? Please advise me.

Nikhil Kaushik

Nikhil Kaushik (Expert)

27 November 2018 did you explain the source of cash when you received 148 notice?

Nikhil Kaushik

Nikhil Kaushik (Expert)

27 November 2018 if you have not explained the sources and have not filed the return in response to 148, then proceedings under 144 are allowed.

Querist : Anonymous

Querist : Anonymous (Querist)

27 November 2018 I had already explained the source vide my letter. But I did not submit any supporting documents. The supporting documents were not submitted only because I came to know this requirement only to-day, when I opened the Income-tax portal and saw the notice asking supporting documents.

Nikhil Kaushik

Nikhil Kaushik (Expert)

27 November 2018 better go and meet the tax officer in person and carry all the documents along with you. you have complicated your case yourself by delayed and insufficient submissions.

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