ITR Not Filed Despite High Value Transaction in Savings Account Due to Illiteracy: ITAT Directs for Fresh Adjudication on Rs.5k Costs

ITR Not Filed Despite High Value Transaction in Savings Account Due to Illiteracy; ITAT Directs for Fresh Adjudication on ₹5K Costs The Income Tax Appellate Tribunal (ITAT) has directed a fresh adjudication in a case where an Income Tax Return (ITR) was not filed despite high-value transactions in a savings account, with the assessee citing illiteracy as the reason. The ITAT, while imposing a cost of ₹5,000, allowed a fresh opportunity, recognizing that genuine human factors like illiteracy can impede compliance. This compassionate approach ensures that procedural lapses due to such reasons are not met with outright rejection but with a chance for re-evaluation.