The AO issued several notices to the individual seeking an explanation for the cash deposit and details relating to his ITR. The responses did not satisfy the tax department, following which the AO passed an assessment order.
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September 28, 2026 at 4:31 PM
Rs 5.2 crore cash deposit, but Rs 7.65 lakh ITR: Why ITAT quashed tax notice
TOI Business
Excerpt from TOI Business.