AO Fails to Properly Examine Rs. 1.27 Cr Co-operative Society Deposits: ITAT upholds PCIT’s Revision Order [Read Order]
The Tribunal observed that the argument regarding the bank account being operated by the father was raised for the first time during appellate proceedings.
By Franklin Joshva - On April 15, 2025 1:34 pm - 2 mins read
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) upheld the revisionary order passed by the Principal Commissioner of Income Tax (PCIT) due to the lack of enquiry by the Assessing Officer (AO) in Rs. 1.27 Cr deposits by Co-operative Society. Pavan Prabhudyal Bhadada (assessee), in search and seizure action on Shri Renuka Mata…
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