09 November 2019
During demonitisation period 2016, my client deposited rs 10 lacs into his savings bank account , ok , now few notices have been issued to my client ( AY 2017-2018 ) by asking that From which source that amount ( rs 10 lacs ) came out to him ? Please specify that source .
My question :
1) From which source that amount he ( my client ) got should i say to ITO so as to vacate any demand against that notice ? 2) What is the ultimate remedy to overcome that above situatuion ?
Please justify with reasons & by using proper provisions only otherwise not .
CAclubindia
