Mr Rathee, a property dealer from Rohtak, Haryana, found himself in hot water with the income tax department after he deposited Rs 54 lakh in cash in his bank account because he hadn’t filed his income tax return (ITR) and ignored the tax notice sent to him. Consequently, the Income Tax Assessing Officer (AO) deemed this cash as unexplained and initiated legal proceedings against him.
The income tax department flagged Rathee’s cash deposit after receiving information from AIR/CBI during the Financial Year 2011-12 (Assessment Year 2012-23). To confirm this, they sent a verification letter to Rathee on February 13, 2019 but he failed to respond.
