Widow faces tax notice for Rs 60 lakh cash deposits; why ITAT gave ‘gift’ relief

The Income Tax Department discovered that a woman had deposited Rs 60,07,500 in cash into her bank account during the financial year 2015-16. However, she had not filed an income tax return (ITR) for the corresponding assessment year. The Assessing Officer (AO) subsequently issued a show-cause…

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