ITAT Remits Case to CIT(A) for Reassessment of Cash Deposits after Admission of Additional Evidence [Read Order]

The ITAT found that this evidence was essential for a fair assessment and directed the CIT(A) to admit it under Rule 46A, ensuring the assessee could present his case adequately
By Sneha Sukumaran Mullakkal - On November 5, 2024 1:12 pm - 2 mins read
ITAT - ITAT Visakhapatnam - ITAT Remits - ITAT Remits Case - CIT(A) - Reassessment - Cash Deposits - Additional Evidence - Commissioner of Income Tax(Appeals) - taxscan

The Visakhapatnam Bench of Income Tax Appellate Tribunal(ITAT) remitted the matter back to the Commissioner of Income Tax(Appeals)[CIT(A)] for reassessment of cash deposits made by the assessee, after recognizing the necessity to consider additional evidence that had been previously rejected. Janaki Ram Babji Rao Annam,the appellant-assessee,electronically filed his income tax return on December 9, 2017,…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?
  • Enjoy our website without interruptions from advertisements
  • Receive Daily newsletters
  • Receive realtime Telegram/Whatsapp news updates
  • Download original Judgements / Order / Notifications / Circulars, etc
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
  ₹2299 + GST for 1 year

Subscribe Now

Already a member? Log in here

Topics

taxscan-loader