Show Cause notice u/s 148A(b) for untraceable salary paid to employeea

sheetal sharma (8 Points)

25 March 2022  

I have received below notice from income tax. what should i do?

Sub: Show Cause notice u/s 148A(b) of the Income Tax Act, 1961 in your case for the
A.Y. 2018-19 –reg-.
Kindly refer to the above.
2. In this regard, kindly note that your case for the relevant assessment year has been
flagged on the Insight Portal of the Income tax Department under “High Risk” cases in
accordance with the Risk management Strategy formulated by the Central board of Direct
Taxes (CBDT), as per the provisions of section 148 of Income Tax Act, 1961.
3. Further, on examination of information flagged with your case, it has been noticed that
the amountof Rs. 23,57,138/- paid salary to employees.This transaction reported insight is
not commensurate with the ROI filed by the assessee for the relevant assessment year
.Therefore , income to the extent of Rs.23,57,138/- has escaped assessment in your case for
the relevant assessment year.
4. In view of the provisions of section 148A(b) of the Act, you are requested to show
causes as to why a notice under section 148 of the Income Tax Act, 1961, should not be
issued in your case for the relevant assessment year, since income to the extent of
Rs.23,57,138/- has been escaped assessment in your case for the relevant assessment
year. You reply in this regard should reach this office by 11:00AM on 28.03.2022. Kindly note
that in event of non-compliance to this office, it will be presumed that you have no
explanation to offer in this regard and further appropriate action as per the relevant
provisions of Income Tax Act, 1961 will be taken in your case.
5. This show-cause notice u/s 148A(b) of the Income Tax Act, 1961, is being issued after
obtaining necessary approval from Pr. Commissioner of Income Tax-1, Amritsar.