executed by my father… after 2.5 years, due to faily problem my father cancelled the said settelment deed simply by exectuing a cancelled deed and by registereing it, without approaching the court of law. I would like to know the validity of the such cancellation deed and my legal position.
have filed monthly profession tax returns alongwith taxes paid, as well as annual returns. so far they hv never called me for an assesment. now they send a notice calling for assessment for all earlier years . Is it correct or just a way of collecting bribe.? what is the legal position? This pertains to karnataka ,Bangalore circle 2.