Income tax sec.145(3)
preet
(Querist) 05 October 2011
This query is : Resolved
A survey held under sec 133A has held at the premises of the party and manual books were impounded during the survey.After that the computerized books are maintained and intimation for the same is given to assessing officer.
My query is sec 145(3) make the base of rejection of books maintained after survey?
Have a nice day
lawyerpreetkaur@gmail.com
prabhakar singh
(Expert) 05 October 2011
About which state and which ACT your query is ,gentle man!please revert back with answer.
preet
(Querist) 05 October 2011
sir its for Income Tax Act,1961. for the state Punjab
prabhakar singh
(Expert) 05 October 2011
Section 145 is about method of accounting.
Its sub sectin (3) reads as "3) Where the Assessing Officer is not satisfied about the correctness or completeness of the accounts of the assessee, or where the method of accounting provided in sub-section (1) or accounting standards as notified under sub-section (2), have not been regularly followed by the assessee, the Assessing Officer may make an assessment in the manner provided in section 144."
section 133a confers power of survey.
BUT STILL NOT CLEAR WHAT REAL PROBLEM YOU HAVE BEFORE AND DESIRE US TO SOLVE.
Now you are requested to revert back with facts you are facing as problem instead of putting things in abstract form.
R.Ramachandran
(Expert) 05 October 2011
Dear Mr. Preet,
You have to come out with more facts, in case you need appropriate answer.
Raj Kumar Makkad
(Expert) 05 October 2011
I am also of the opinion that you should come with detailed facts.
soumitra basu
(Expert) 23 October 2011
I did not find any problem in this.
