income tax

This query is : Resolved

chetan (Querist)
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19 February 2009 if we are doing business of purchasing IInd hand machinery and suppliers gave bill which have all the information wrong and we are not know this.
than in this case can we show this as an expenditure and there is liability related to us?

CA.Tarun Maheshwari

CA.Tarun Maheshwari (Expert)
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19 February 2009 Is that possible, that you are doing a business of something, and you dont know the information of that product. Tough to prove in Income tax deptt.

CA Akshat

CA Akshat (Expert)
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19 February 2009 It depends on which type of information is wrong and where u have to prove this.
But, if the other person has cheated u by giving wrong info. u have to file app u/s 420 of IPC and that case copy will help u in prving against other authority like income tax and sales tax

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