The Income Tax Department sent a tax notice to Mrs Devi (age 83 years old) from Vidhyadhar Nagar, Jaipur as she made an Fixed Deposit (FD), deposited some cash in bank and yet did not file any income tax return (ITR).
On May 14, 2007, Devi had invested Rs 2 lakh in a FD of Bank of Rajasthan for a two year term. This FD matured on May 29, 2009 and the bank deposited Rs 2.41 lakh in her account. She had also deposited Rs 1.06 lakh cash which represented her her savings from the family pension. Her mistake was she did not file an income tax return (ITR). So the Income Tax Assessing Officer (AO) sent her a Section 148 tax notice on March 29, 2017.
