Urgent query on works contract

Tax queries 550 views 1 replies

sir,

 

my client is electrical works contractor,he filed his return of income for the Ay 2009-10 it is a tax audit case. the same had been filed u/s 44 AB with in the due date. he had been selected in CASS Scrutiny for the fy 2008-2009. the Ao is bluntly threating as per CBDT Circular and superior officers pressure that he would add the total income, his  base calculation at 8% of the contract reciepts. my client is having provident fund challans and wages paid details apart from that salary registered is maintained.

 

the Ao is harrasing that he will pass an exparte order u/s 144 and he will compute @ 8% on reciepts.

 

can any one pls help me and send some guidelines and judgements regarding the above case.

 

thanking you

Replies (1)

1st of all if u attend single time office of Ao then IT MAY NOT BE EXPARTE.

For Ay 2009-10

See in circular that it is applicable from restropective effect or not. as per my knowledge i didn't see circular for that matter.

It is true that if u had hide income then 8% is right decision by Ao. but Ao have to compulsary disclose evidence for that.

You have to argue or submit your answer related that.


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