My cousin's father has passed in an accident. Now ITR shows income of Rs 2 Lakhs which was off-course kept low to keep taxes low. He was a businessmen.
Further insurance company is disputing the ITR as there is a gap of 2 years. i.e he passed in 2002, ITR is of 2000. We have ITR of 1999 as well. Insurance company is suggesting he might have closed the business. Fact is business was never closed. I am not sure about ITR status as I write this.
Please suggest what are alternative evidence of income in such case ( Appreciate if you can site relevant case laws).
We have electricity bills, Credit card statements, Home Loan installments, Water Bills, Evidence of salary paid to drivers, Evidence of Road tax paid for vehicles.
Please help as we are stuck and insurance company may press for minimum wages.
　
