18 June 2013
Dear Sir, one of my friend receive notice of AIR, as he made a transaction of rs. 10 lk in saving bank account in f.y.10-11. all transaction related to his business (bangle and ladies purse retailer at footpath). All transaction is between rs. 25000-45000. he is from bhopal and use to visit delhi for business purpose. He deposit cash here and withdraw there. How he respond to such notice?. No accounts maintained, no itr filed by him.