Non-Compliance due to Overseas Employment & Family Care: ITAT Restores Case for Reassessment

Mohammad Faheem Vs ITO (ITAT Lucknow) The Income Tax Appellate Tribunal (ITAT), Lucknow Bench, has remanded a tax dispute involving Mohammad Faheem and the Income Tax Officer (ITO) for fresh adjudication. The case, pertaining to Assessment Year 2014-15, revolves around cash deposits of Rs. 1,90,90,465/- in Faheem’s bank account, which the Income Tax Department flagged. Background of the Case: The assessee, Mohammad Faheem, failed to file his return of income for the assessment year 2014-15. Information available with the Income Tax Department indicated significant cash deposits totaling ...