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Rs 41.69 lakh cash deposit, no ITR: Hesaid wife paid expenses; ITAT rejects plea

Reddy said he discovered the notice relating to the unexplained cash deposits only when he applied for a visa for foreign travel. He claimed that the Embassy informed him that an ITR was required for the visa application, which was when he came to know about the tax proceedings.

This story summarizes reporting from Times of India. Read the original for full context. Wire items stay in our news sitemap for seven days. Editorial policy.

Read full story on Times of India →
TOI BUSINESS DESK5 Sept 2026, 08:27 amUpdated 2h ago1 min readIndiaIndia
Rs 41.69 lakh cash deposit, no ITR: He said wife paid expenses; ITAT rejects plea

India — TOI BUSINESS DESK

Reddy said he discovered the notice relating to the unexplained cash deposits only when he applied for a visa for foreign travel. He claimed that the Embassy informed him that an ITR was required for the visa application, which was when he came to know about the tax proceedings. The Income Tax Officer, however, did not accept this explanation.

This report is published with credit to Times of India. The wire sent a summary; open the original for any extra context. Read on Times of India →

Source: Times of India · TOI BUSINESS DESK. Published 5 Sept 2026, 08:27 am.

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