Rs 1.79L ITR, Rs 11.22cr tax addition; ITAT gives chance if he plants 500 trees
Direct Source Verification:
This story is aggregated from The Times of India (timesofindia.indiatimes.com). Full reporting rights and copyright belong to the primary publisher.
The Assessing Officer examined the taxpayer's financial transactions and identified substantial cash deposits, unsecured loans running into crores and agricultural income of Rs 3 lakh that was not backed by supporting evidence.
For complete coverage, context, and related multimedia, visit the original reporting by The Times of India via the source link below.
Original Source
https://timesofindia.indiatimes.com/business/india-business/taxpayer-declared-rs-1-79-lakh-in-itr-faced-rs-11-22-crore-income-addition-on-large-cash-deposits-unsecured-loans-itat-grants-him-chance-to-substantiate-case-with-condition-he-plant-500-trees/articleshow/134414415.cms
