Failure of Lower Authorities to Consider Assessee’s Evidence on Bank Deposits: ITAT Remands Case to CIT(A) [Read Order]

The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) remanded the case to the Commissioner of Income Tax(Appeals) [CIT(A)] for fresh adjudication after finding that the lower authorities failed to adequately consider the evidence provided by the assessee regarding bank deposits. Faeza Nisarahmed Soniwala,appellant-assessee, appealed against the addition of ₹16,28,500 as unexplained money…