questionnaire

Questions we should ask to ICAI candidate seeking our vote: BCAS President

As you are aware, the ICAI elections are scheduled in the first week of December, 2009. The BCAS once again exhorts you to cast your vote and make a difference in these elections. The future of our profession is at stake. Please do not miss this opportunity.
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If Assessee fails to offer an explanation or offers a false/unsatisfactory explanation then penalty will be leviable for concealment of income

SUMMARY OF CASE LAW Under Explanation 1 to section 271(1)(c), an assessee would be deemed to have concealed the particulars of his income if, in respect of facts material to the computation of his income, he fails to offer an explanation or offers a false explanation or an explanation which he is not able to [...]
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