A Haryana resident, when filing his income tax return (ITR) for Assessment Year 2017-18, declared an income of Rs 1,79,160 along with an agricultural income of Rs 3 lakh. Things didn’t end there, and his case was picked up for scrutiny, resulting in an addition of a massive Rs 11.22 crore to his income.
Statutory notices were also issued to the Haryana man; however, he did not furnish the requisite details and supporting documentary evidence, according to the assessment order. This resulted in an assessed total income of Rs 11,23,87,670 under Section 143(3) of the Income-tax Act, 1961.
