The assessee’s counsel asserted that if granted an opportunity, he could substantiate the source of his deposits
In a recent ruling, the Income Tax Appellate Tribunal ( ITAT ) in Delhi directed a reassessment of a disputed ₹10.3 lakh deposit made during India’s 2016 demonetization period, following an appeal that was previously dismissed without a full review. The case involves the assessee/appellant, Shiv Kumar, who had initially challenged the assessment by the…
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