Scrutiny

AJAY SRIVASTVA (Querist) 26 October 2011 This query is : Resolved
reference to income tax act ,if scrutiny is of asst year 2009-2010,can assseing officer ask the bank transaction details pertaining to the asst year,2005-2006 & onwards, details of family members income,& their business details

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Sailesh Kumar Shah (Expert) 26 October 2011
1) yes, he can ask bank transaction.
2) No, he can't ask details of family members income,& their business details.However, he can ask for confirmation of relevant transactions which are reflected in your account.

A V Vishal (Expert) 26 October 2011
If scrutiny is of asst year 2009-2010,can assseing officer ask the bank transaction details pertaining to the asst year,2005-2006

Ans. No

Details of family members income,& their business details

Ans.Yes, if they are connected in some way to your assessment.

prabhakar singh (Expert) 26 October 2011
Mr. AV Vishal has rightly guided you,I assent to his opinion.

Sadashiv Rupchand Gaikwad (Expert) 27 October 2011
If any assets purchase in AY2005-06, which are oping balance of the AY 2009-10. AO may ask on which year you possess the property,

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