Hello sir ,
I was facing Scrutiny of financial year 2020-2021 .
Its was faceless .
AO has generated demand of 63 lakh Rupees But in reality it should be 0 .
I am doing business with many of company . On which AO added fund transfer to Vendor (A company ) as income .
I had transferred 2 cr money to that company and it was transferred due to business . In that 2 cr i just earned 10000 rs only but AO added that 2 cr as pure income , don't know on which basis .
My CA also raised appeal in income tax portal , It was accept and date not given till now (Its been more than 1 year).
Now my CA is asking me to pay 20% of penalty if i want to stop AO Demand proceeding which will be 12 lakh Rupees .
And i do not have even 1 lakh rupees to pay .
I am also visiting local income tax office from last 10 days but every single days they say officer not available today .
Please help me with any remedy if you have
CAclubindia
