Property dispute and income tax

Querist : Anonymous (Querist) 05 October 2011 This query is : Resolved
there is a property dispute between me and my brother about a plot and my mother was the owner of the plot and in lifetime of my mother made a registered gift deed on my name in front of sub registrar and after that my mother died and my brother in court put a forged will in the court that my mother gave the plot to him .As it was the gift deed so no money transaction was made between me and my mother and the revenue spent on the stamp papers was given by me .Sir as my brother is a great forged so he complaint in the income tax about the gift deed.and income tax officer give us the notice about the ITR returns .Sir, as me and my brother have same Charted Accountant so in the ITR return I have shown that the stamp paper revenue was spent on my personal use and in the ITR return I didn't show the property as a asset. So now what I can do with the Income tax officer, and what will we do .

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prabhakar singh (Expert) 05 October 2011
why do not you ask your CA who has divulged the confidential information to your brother
at one hand and advised you to conceal a registered deed from ITO for no good reason on the other.
A gift from mother was not attracting any tax,then what was occasion to conceal the same.

NOW FACE THE PROCEDURE.

Shailesh Kr. Shah (Expert) 06 October 2011
You need to understand that There is no colum in ITR to show assets.Consult with Ca, he told the same.

Raj Kumar Makkad (Expert) 06 October 2011
I do agree with both experts.

ajay sethi (Expert) 06 October 2011
it is very unfortunaate that borthers are fighting over a property which mother has validly gifted it to one brother . your brother is trying to waeken your case as you have not disclosed it in your returns .

admit the concealment before ITO pay penalty . your admission before ITO will help you in the testamentary petition filed by your brother in respect of forged will

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