TMI BlogThe relation between bank deposit with turnoverX X X X Extracts X X X X X X X X Extracts X X X X ..... Sir In the assessment of a proprietary concern, The A.O determined turnover on the basis total bank deposit and the demand the tax. Though I submit my Cash Book and the A.O checked all bank transa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ction from bank statements and never found any shortfall in cash balance and the A.O did not reject also my books of accounts. How shall i establish this before CIT(Appeal). Thanks - Reply By Gane ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... shan Kalyani - The Reply = Bank statement also forms a part of document to arrive at turnover. You can summarize your transaction with remarks as regard source of income and convince the CIT. - The ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... relation between bank deposit with turnover - Query Started By: - TAPAN PAL Dated:- 22-1-2016 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, p ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ersonal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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