The Income Tax Appellate Tribunal (ITAT) Bangalore, in a recent judgement refused to overlook a delay of about 4 years in a case involving unexplained cash deposits. The taxpayer claimed he only got to know about the tax notice when he was applying for a visa to travel abroad.
This ruling stemmed from a case filed by Mr Reddy from Indiranagar, Bengaluru, who argued that he earns less than Rs 5 lakh annually and his only income source is from rent. Since his wife and father covered all his expenses, Reddy stated he neither filed ITR nor checked his mails or the e-filing portal for tax returns.
