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.
Bitcoin investor faces ₹88.55 lakh tax addition despite ₹3.34 lakh loss; how an ITAT ruling helped the investor
livemint.com - 19 Oct 2026 20:37
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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