Save Rs 499 on a 2-Year Ad-Free CAclubindia Pro Membership. Subscribe Now!

Unexplained cash credits

Save Share

Join Us Follow Us Add as Source

This query is : Resolved

Report Follow Query Ask a Query

Querist : Anonymous

Querist : Anonymous (Querist)

29 April 2015 One person transferred Rs. 2800000 into my client's bank account, that person was his relative. That person was having one signed blank cheque of my client through which he transferred the amount to his construction business. Now my client has been issued a notice by the income tax department. How can I save my client from the addition of Rs. 2800000. Please help

CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)
Follow

29 April 2015 show the reasons... else there are no ways out of this

Querist : Anonymous

Querist : Anonymous (Querist)

29 April 2015 What kind of reasons can be shown??
I got prepared an affidavit by that person in which he has accepted the fact that he has transferred the cash and transferred the same through cheque but the AO is not considering it to be a valid proof .

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!