Assessment of income in the hands of the assessee - fraudulent ...

Chartered Accountant Accused of Tax Fraud with Fake Documents; Criminal Case Ongoing, Assessing Officer Awaits Outcome.

July 6, 2023

Case Laws     Income Tax     AT

Assessment of income in the hands of the assessee - fraudulent filing of returns of income by the Chartered Accountant - The finding by the Board of Discipline of ICAI is to the effect that the said CA, with the connivance of the partners of the assessee, prepared fake documents to support the ITR which was uploaded without the knowledge of the assessee. It prima facie creates any doubt as to whether there is any income in the hands of the assessee for this year or not? - Since the criminal case is pending against the alleged perpetrators of the fraud, AO directed to take a view in view of the outcome of the criminal case - AT

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