Rs 54L cash deposit & no ITR, but tax notice revoked
Mr Rathee, a property dealer from Rohtak, Haryana, faced tax issues after depositing Rs 54 lakh in cash into his bank account without filing his income tax return. The Income Tax Department deemed the cash as unexplained and initiated legal proceedings against him. Eventually, the ITAT Delhi ruled in his favor, deleting the tax addition and notice.
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