Bitcoin investor faces ₹88.55 lakh tax addition despite ₹3.34 lakh loss; how an ITAT ruling helped the investor
A Bitcoin investor who reported a ₹3.34 lakh loss faced an ₹88.55 lakh tax addition over the source of funds.
ITAT quashed the reassessment after the tax officer ignored his reply and failed to provide the minimum response time required by law.
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