Madras HC Rejects Writ on Cash Deposit Addition

Junaitha Begum Vs Assessing Officer of the Assessment Unit (Madras High Court) In this case, Junaitha Begum has challenged the Assessment Order dated 09.05.2023 passed by the Assessing Officer under Section 147 r/w 144(B) of the Income Tax Act, 1961. The Assessing Officer has taxed the total income of the petitioner to a taxable income of Rs. 60,08,010/-. The petitioner’s main contention is that the amount in question had been received much earlier and was already accounted for in the returns filed for the previous assessment year, but the same was not considered in the impugned Assessme...