ITAT Bangalore: Tax Cash Deposit from Store Business at 8%

Smt. Kopparum Laxminarayan Kumuda Vs ITO (ITAT Bangalore) The case of Smt. Kopparum Laxminarayan Kumuda vs ITO, adjudicated by the Income Tax Appellate Tribunal (ITAT) Bangalore, revolves around the taxation of cash deposits arising from a store business. The appellant contested the CIT(A)’s order under section 250 of the Income Tax Act, 1961, for the Assessment Year 2017-18. The appellant, an individual, failed to file income tax returns for the mentioned assessment year. Subsequently, the Assessing Officer (AO) completed an assessment under section 144 of the Act, attributing unexplain...