IF YET INVESTMENT NOT MADE TILL THE APPEAL BUT INCOMETAX OFFICER RAISE THE DEMAND AND GIVE THE EXPLANATION THAT INVESTMENT WILL TAKE PLACE IN FUTER
SO I RAISE THE DEMAND FOR UNEXPLAINED INVESTMENT. AND PLEASE PROVIDE THE CASE LAWS IF ANY
priyesh (student) (86 Points)
15 February 2012IF YET INVESTMENT NOT MADE TILL THE APPEAL BUT INCOMETAX OFFICER RAISE THE DEMAND AND GIVE THE EXPLANATION THAT INVESTMENT WILL TAKE PLACE IN FUTER
SO I RAISE THE DEMAND FOR UNEXPLAINED INVESTMENT. AND PLEASE PROVIDE THE CASE LAWS IF ANY
Anumanchipalli Sathikonda
(Tax Consultant)
(1349 Points)
Replied 02 March 2012
Mr.Priyesh
Your question is not clear. Please try to frame the question which can be understood by other people.
Best Wishes
Sathikonda
priyesh
(student)
(86 Points)
Replied 16 May 2012
sorry Mr. Sathikonda
Let me try to explain again, ITO has raised the demand for unexplained investment u/s 69 of the IT act, but the assessee has not made any investment yet. On this ITO says that investment will took place in future thus his demand valid. So please let me know whether the demand is valid or not and please provide case laws if any on the said case
priyesh
(student)
(86 Points)
Replied 16 May 2012
sorry Mr. Sathikonda
Let me try to explain again, ITO has raised the demand for unexplained investment u/s 69 of the IT act, but the assessee has not made any investment yet. On this ITO says that investment will took place in future thus his demand valid. So please let me know whether the demand is valid or not and please provide case laws if any on the said case
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