Business5 hours ago
Naughty 😇•20%
ITAT Ruling: Taxpayer Relief on ₹11 Lakh Due to Address Change
ITAT's recent ruling provides relief for taxpayers missing income tax notices due to address changes. The Delhi tribunal condoned a 2,073-day delay and removed an ₹11 lakh tax addition after the taxpayer clarified the source of cash deposits from property sales and savings. This decision highlights the importance of updating address information with tax authorities.
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"Tax relief is always a win, especially when it comes with a long wait!"
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File ID: #392785Original Source: LiveMint Money ↗
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