Undisclosed income

Ganesh (Final) (87 Points)

20 October 2012  

Hi

Scrutiny Case

cash deposited in saving bank a/c Rs.20 L

Same invested in shares and loss on investment Rs.21L

my questions are

1)can I show Rs.20L as undisclosed income and take set off STCL Rs.21L

2)if yes, will I have to pay any penalty ?

3)if no,then what to do ?