Case under AIR Data

[Guest]

Hello Expert,

I received one reminder cum non statutory letter from Income tax department for cash deposit in saving account of Rs 1600000, my question is that when i will submit the papers justifiying this cash along with my return of income , then whether i will receive order from the AO for settlement of case or the AO will simply give me the acknowledgment for the papers submitted.

Thanks

[DR.MARIAPPAN GOVINDARAJAN]

Whether you have got clarified in this issue? If not please inform.

AI Summary

Cash deposit scrutiny: submitting supporting documents may lead to clearance or further assessment depending on officer satisfaction. Receipt of a reminder about unexplained cash deposit scrutiny raises whether submitting supporting papers with the return will resolve the matter or only be acknowledged; submission can lead to clearance if the assessing officer is satisfied on the records, but it does not preclude further verification, requests for additional evidence, or formal assessment if the explanation is inadequate.