Rs. 5.33 Lakh Mistaken as ₹5.33 Crore: ITAT Rescues Illiterate Villager from Wrong U/s 69A Addition

Savita Devi Vs ITO (ITAT Patna) Assessee, an uneducated village housewife, was reopened u/s 147 based on information that she possessed term deposits of ₹5.33 crore. Having received only the initial notice, she responded through a local advocate denying the transaction, but subsequent notices went to a wrong email ID mistakenly entered on the portal. AO proceeded ex parte u/s 144/147 & added the entire ₹5.33 crore u/s 69A. CIT(A) refused to condone 140 days’ delay & dismissed the appeal in limine. Before Tribunal, Assessee produced affidavit & Union Bank certificate proving t...