No ITR filed despite high-value transactions, then came a tax notice: Taxpayer declared Rs 1.38 crore business loss and claimed Rs 5.31 lakh TDS refund; department denied it, but Delhi ITAT ordered refund with interest

While completing the assessment, the Income Tax Assessing Officer (AO) rejected the refund claim on the sole ground that a refund could not be claimed through an ITR filed under Section 148 when no original ITR had been filed under Section 139.
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