Times of India·5 min read

Rs 1.79L ITR, Rs 11.22cr tax addition; ITAT gives chance if he plants 500 trees

T
TOI BUSINESS DESK
Rs 1.79L ITR, Rs 11.22cr tax addition; ITAT gives chance if he plants 500 trees
Dive DeeperCreate a free account to unlock

Your income tax return comes under scrutiny and you are given a chance to present your case before ITAT as part of your appeal you propose planting trees. A Haryana resident who reported an income of Rs 1,79,160 in his income tax return (ITR) for Assessment Year 2017-18, along with agricultural income of Rs 3 lakh, faced an income addition of Rs 11.22 crore after his return was selected for scrutiny.The Income Tax Department issued statutory notices during the assessment proceedings, but according to the assessment order, the taxpayer did not provide the required information or supporting documents.

Continue reading on Headlinne

Create a free account to read the full article.

Read full article →

Get smarter about the news

Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.

Create free account

Already have an account? Sign in