No Tax Liability for Student: ITAT Deletes Rs 13.18 Lakh Addition and Penalty in Crypto Deposit Case:
ITAT granted full relief to a student by deleting the Rs 13.18 lakh addition and the penalty, holding he was not the real beneficiary and had acted out of ignorance.
ITAT Notes Student Was Only a Name-Lender
Saloni Kumari
Apr 4, 2026
Premium
No Tax Liability for Student: ITAT Deletes Rs 13.18 Lakh Addition and Penalty in Crypto Deposit Case
ITAT granted full relief to a student by deleting the Rs 13.18 lakh addition and the penalty, holding he was not the real beneficiary and had acted out of ignorance.
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About Author
Saloni Kumari
Content Writer
Saloni is a Content Writer with 2+ years of experience at studycafe.in. She writes legal, taxation, and finance related content including GST, Income Tax etc. Skilled in translating complex judicial pronouncements and regulatory developments into clear, and reader-friendly articles. Experienced in covering judgements of ITAT, High Court, GSTAT, and news related to Income Tax, GST, and corporate law. She can be reached at [email protected].
Saloni is a Content Writer with 2+ years of experience at studycafe.in. She writes legal, taxation, and finance related content including GST, Income Tax etc. Skilled in translating complex judicial pronouncements and regulatory developments into clear, and reader-friendly articles. Experienced in covering judgements of ITAT, High Court, GSTAT, and news related to Income Tax, GST, and corporate law. She can be reached at [email protected].
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