Reassessment based on non-filing of ITR and Information of Cash Transaction in Bank Account is valid: ITAT upholds Reassessment Order [Read Order]

Reassessment - non-filing of ITR - Cash Transaction in Bank Account - ITAT - Reassessment order - Income Tax Act - taxscan

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has upheld the reassessment under Section 144/147 of Income Tax Act 1961 holding that the reassessment based on non-filing of Income Tax Returns (ITR) and information of cash transaction in the bank account was valid. The assessee, Avinash Chaudhary has filed appeal holding that having regard…

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