ITR Not Filed Despite High Value Transaction in Savings Account Due to Illiteracy: ITAT Directs for Fresh Adjudication on Rs.5k Costs [Read Order]
The tribunal also imposed a cost to the assessee amounting to Rs. 5,000 to the State Legal Aid Authority, Hon’ble Madras High Court, within 30 days of receiving the order
The Chennai Bench of the Income Tax Appellate Tribunal ( ITAT ) remanded for fresh adjudication with cost of Rs. 5000 in the case involving high value transactions in savings accounts for which Income Tax Return ( ITR ) was not filed due to the illiteracy of the assessee. Marappa Gounder Balakrishnan (assessee), an individual…
Your free access to Taxscan has Expired
To read the article, get a premium account.
Taxscan Premium
Why should you subscribe?
Enjoy our website without interruptions from advertisements
Receive Daily newsletters
Receive realtime Telegram/Whatsapp news updates
Download original Judgements / Order / Notifications / Circulars, etc
