Section 148 Notice valid If Assessee failed to submit Crypto Currency Ledger

Parmesh Chand Yadav S/o Rameshwar Lal Yadav Vs ITO (Rajasthan High Court)

We find considerable force in the submission of leaned counsel for revenue that bank transactions alone are not sufficient to verify the trade in Crypto currency rather, the assessee ought to have submitted before the authority the relevant ledger statement evidencing that he had entered into trade of Crypto currency in the manner as has been asserted by him by way of the information stated by him. Whether it was the volume of the trade which is reflec

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