Cash Deposits during demonetization: ITAT remands matter to consider Evidence [Read Order]

The tribunal observed that the CIT(A) had disposed of the appeal without considering the evidence filed by the assessee.

By Franklin Joshva - On April 10, 2025 4:27 pm - 2 mins read

demonetization - ITAT - cash deposits - TAXSCAN

The Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT) remanded a matter back to the Commissioner of Income Tax (Appeals) [CIT(A)] to consider evidence in a case involving cash deposits during the demonetization period. Aryavysya Seva Sangham, (assessee) an Association of Persons (AOP), was taken up for scrutiny based on data analytics under “Operation…

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