Basavaraj Mahalingayya Hiremath vs. ITO
Case No: ITA No.2024/Bang/2024
Court: INCOME TAX APPELLATE TRIBUNAL, 'C' BENCH: BANGALORE
Date: 1/30/2025
Parties Involved
appellantBasavaraj Mahalingayya Hiremath
respondentITO
Facts Summary
The assessee, Basavaraj Mahalingayya Hiremath, an employee of Toyota Kirloskar Pvt. Ltd, filed his return of income for the assessment year 2017-18 declaring a total income of Rs.7,72,350/-. His case was selected for limited scrutiny to examine cash deposits during the demonetization period. Notices under sections 143(2) and 142(1) were issued, but the assessee did not respond. Consequently, the assessment was completed under section 144 of the Act, treating the cash deposits of Rs.6,71,291/- as…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the delay in filing the appeal should be condoned?