My income tax return for the year ended 30.6.03 was higher by 22% and 38%, respectively for income and tax deposited than the previous year ie 30.6.2002. Still my case was selected for total audit.
The CBR must tell the assessees the criteria for selecting cases for total audit. Principally, only those cases should have been picked up, which have not shown any improvement than last year's result.
Now they are asking to pay a further 20% tax and if I do that, it will be 65% higher than last year's.
I would like to ask the CBR is it fair?