Rs 8 lakh cash deposited in bank - man gets tax notice! How he won case in ITAT

Oct 30, 2025 - 23:30
Rs 8 lakh cash deposited in bank - man gets tax notice! How he won case in ITAT

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A taxpayer successfully challenged the tax department's decision to treat a large cash deposit as presumptive business income. The Income Tax Appellate Tribunal ruled that the Assessing Officer exceeded his jurisdiction by expanding a limited scrutiny case without proper approval, reinforcing taxpayer rights.

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