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₹41.69 lakh cash deposit and no ITR: What ITAT Bangalore’s ruling means for taxpayers who miss tax notices

2 months ago 23
A Bengaluru taxpayer faced a ₹41.69 lakh unexplained cash deposit tax demand after failing to file an ITR and respond to tax notices. The ITAT Bangalore refused to condone his nearly four-year delay, leaving the assessment and penalty orders undisturbed.
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