No ITR filed despite high-value transactions, then came a tax notice: Taxpayer declared Rs 1.38 crore business loss and claimed Rs 5.31 lakh TDS refund; department denied it, but Delhi ITAT ordered refund with interest
What happens to your income tax refund claim if you forget to file an original income tax return under Section 139 ? That’s the question that the Income Tax Appellate Tribunal (ITAT) in Delhi has sought to answer.
In this particular case, the refund claim was for an amount of over Rs 5 lakh. A taxpayer from Jorbagh area in New Delhi, failed to file his original income tax return (ITR) by the due date for AY 2019-2020. He subsequently received a tax notice from the Income Tax Department.
In this particular case, the refund claim was for an amount of over Rs 5 lakh. A taxpayer from Jorbagh area in New Delhi, failed to file his original income tax return (ITR) by the due date for AY 2019-2020. He subsequently received a tax notice from the Income Tax Department.
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