15 September 2016
ONE OF MY CLIENT GOT NOTICE THAT DEPOSIT IS EXCEEDING 1000000 IN BANK BEFORE 3 YEARS.NO OTHER NOTICE OR INTIMATION RECEIVED. ONE DAY INCOME TAX INSPECTOR CAME TO THE HOUSE AND TOOK THE PHOTO OF HOUSE AND ASK SOME OF THE QUESTION .MY QUESTION IS THIS WHETHER THE METHOD ADOPTED BY THE I T INSPECTOR IS CORRECT AND LEGALLY VALID.IF THIS IS CORECT WAY THEN IT INSPECTORS WILL KEEP ON ROAMING ALL AROUND THE CITY AND ASK FOR MONEY.THEY WILL KEEP ON FEARING PEOPLE.PLZ REPLY ,IF ANY CASE STUDY IS THERE.
16 September 2016
They can do so, no issues. And please understand one thing.....if your side is CLEAN and within the four corners of law, you need not worry about the same. The fear or harrasment may be for those who are not CLEAN and out of the four corners of law..... what do you say?
CAclubindia
