S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Failure to file return-Unexplained money-Section 69A is applicable even where assessee is not required to maintain books of account-Cost of Rs. 10,000 imposed on assessee to be paid to Adyar Cancer Institute-Matter remanded to NFAC-Addition confirmed as regards the difference between stamp value and agreement value. [S. 56(2)(x)(b)(B), 69A, 148, 148A(b), 148A(d), Art. 226]
R. Chitra (Mrs.) v. NFAC [2024] 164 taxmann.com 134 / (2025) 474 ITR 78 (Mad)(HC)