ITAT Delhi Upholds Reassessment on ITR Non-Filing & Cash Transactions

Avinash Chaudhary Vs ITO (ITAT Delhi) Introduction: In a recent case, Avinash Chaudhary appealed against the Commissioner of Income Tax (Appeals)-2, Noida’s order dated 27.02.2018 for AY 2009-10. The appeal questioned the reassessment order initiated due to the non-filing of the Income Tax Return (ITR) and information about cash transactions in the bank account. The Income Tax Appellate Tribunal (ITAT) Delhi, in its detailed order, upheld the reassessment. Let’s delve into a comprehensive analysis of the case. Background: The appellant, Avinash Chaudhary, contested the reassessment...