Assessment and appeal

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Sandeep

Others

29 Points Posted on 08 August 2013

Hello Friends,

I am a transporter and work as a liaison agent and we do not have our own fleet. We procure trucks from the market on daily basis and pay them in cash and put a collective bill weekly to the parties.

During the assessment, the ITO fixed a gross profit for my business. And raised a demand of 3 lakhs as the difference of tax.

We want to go for appeal as our business is not a trading firm and no gross profit can be fixed.

Business. Now the ITO has issued notices to deposit this amount and then go for appeal. Is it compulsory to deposit the amount for which we have an objection. If amount needs to be deposited is it the whole amount or part.

Replies (2)

Bala Pullaiah B

Salaried

141 Points Posted on 08 August 2013

Dear Mr. Sandeep

After assessment of tax, ITO would have issed demand u/s 158. This can be stayed.

Since you are planning for appeal:-

1) You request the ITO (Appeals) to stay the demand issued by the ITO.

2) File Form 36 before ITO (Appeals) regarding the order, by mentioning the statement of facts, Ground of appeal.

B Bala Pullaiah

Ravi Dasija

181 Points Posted on 08 August 2013

Originally posted by : Sandeep
	Hello Friends, I am a transporter and work as a liaison agent and we do not have our own fleet. We procure trucks from the market on daily basis and pay them in cash and put a collective bill weekly to the parties. During the assessment, the ITO fixed a gross profit for my business. And raised a demand of 3 lakhs as the difference of tax. We want to go for appeal as our business is not a trading firm and no gross profit can be fixed. Business. Now the ITO has issued notices to deposit this amount and then go for appeal. Is it compulsory to deposit the amount for which we have an objection. If amount needs to be deposited is it the whole amount or part.