ITAT Remands Case for Reassessment of Rs. 9.74 Lakh Unexplained Cash Deposits, allows Assessee to Submit Evidence [Read Order]

The tribunal set aside the AO’s order and directed a fresh hearing, stating the need for a proper review of the documents submitted
ITAT - ITAT Kolkata - Unexplained Cash Deposit - Income Tax Appellate Tribunal - ITAT Case for Reassessment of Cash Deposit - Taxscan

The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) remanded the case for reassessment regarding Rs. 9.74 lakh in unexplained cash deposits made during the demonetization period,allowing the assessee to submit supporting evidence for the deposits. Manju Devi Chandak,appellant-assessee,was engaged in the business of trading food products and spices. She filed her income…

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