|
I have received a notice u/s 148 of Income Tax Act,1961 with the reasons that I had purchased a property for Rs. 150000 and the notice also requires me to give the source of investment for this purchase to the Income Tax Department.
But contrary to this, my property has been acquired by the state government for Rs 150000.
As the reasons given in the notice are not true, whether the proceedings u/s 148 are valid? If not valid, please tell me some case studies on which, I can fight the case.
|
Answer by: 
