Scrutiny case

This query is : Open

vibhor (Querist)
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04 December 2013 The assessee was an employee and working as collection officer. The duties involved collection of funds from customers and transfering such amount to its employer. During a financial year the assessee collected rs. 35 lacs in cash and deposited in her bank account and repaid to employer. Now the case has been fixed for scrutiny assessment due to the same reason. The AO is of the view that this explanation is not sufficient. I want to know any case laws related to my case or any further explanation that can be given to the AO. Please help.

hshivakumar

hshivakumar (Expert)
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04 December 2013 While making collection whether they have issued company's official receipt? if yes show those receipt and show corresponding entries in the books of the company and prepare reconciliation statement for actual collection and action payment to company and confirmation letters from the company also will support your claim.

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vibhor

vibhor (Querist)
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07 December 2013 Mr. Kumar, thanks for the advise. I would like to know if that customer is no longer associated with us or doesn't provide the confirmation, the onus to confirm the balance lies with the Department?

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