ITR filing Mandatory for High-Value Withdrawals, Even for POA Holders: Madras HC Upholds Income Tax Notice Against Advocate [Read Order]
Since the transaction involved in this case is a sum of Rs.55,80,000/-, the petitioner, being a practising advocate, is supposed to have filed his returns for withdrawal of such a huge amount, stated the court
By Navasree A.M - On May 18, 2025 11:06 am - 2 mins read
In an important ruling, the Madras High Court has ruled that income tax returns ( ITR ) must be filed when you’re withdrawing a high value even while acting as a power of attorney ( POA ) holder. It upheld the income tax demand notice issued against the practising Advocate who acted as a POA…
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