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₹41.69 lakh cash deposit and no ITR: What ITAT Bangalore’s ruling means for taxpayers who miss tax notices

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India

₹41.69 lakh cash deposit and no ITR: What ITAT Bangalore’s ruling means for taxpayers who miss tax notices — Sources: livemint.com

A Bengaluru taxpayer faced a ₹41.69 lakh unexplained cash deposit tax demand after failing to file an ITR and respond to tax notices. The ITAT Bangalore refused to condone his nearly four-year delay, leaving the assessment and penalty orders undisturbed.

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