Man gets tax notice for depositing Rs 8 lakh in bank account, tax dept deems it as presumptive business income; he wins case in ITAT Delhi

A taxpayer successfully challenged the tax department's classification of an Rs 8 lakh cash deposit as presumptive business income. The ITAT Delhi ruled that this issue was outside the scope of the limited scrutiny, providing relief to the individual. The tribunal's decision emphasized that tax authorities must adhere to the defined scope of scrutiny assessments.