83-Year-Old Woman Wins 9-Year Tax Battle Over Rs 2.4L FD and Cash Savings
An 83-year-old woman successfully contested a nearly decade-old income tax demand raised against her by the Income Tax Department. The dispute originated when she failed to respond to a tax notice, prompting the Assessing Officer to complete the assessment under Section 144. Her total income was assessed at Rs 5.15 lakh, with the amount treated as unexplained by the tax authority. The woman's savings comprised a fixed deposit of Rs 2.4 lakh and cash holdings of Rs 1.06 lakh. She ultimately prevailed in the case, securing relief from the tax demand that had been pending for nine years.
This is an AI-generated summary. ShortSingh links to the original source for the complete article.
Discussion (0)
Log in to join the discussion and vote.
Log in