ITAT sets aside Addition of Rs. 45.74 Lakh Cash Deposit during Demonetisation, Remands matter for fresh Examination [Read Order]

The ITAT noted that the lower authorities failed to examine the names of the patients who were admitted to hospital and paid the fees in SBN

By Saagarika Gopinath - On April 20, 2025 2:10 pm - 2 mins read

ITAT - Lakh Cash Deposit - Demonetisation - Remands - fresh Examination - taxscan

The Cochin Bench of the Income Tax Appellate Tribunal (ITAT), set aside an addition of Rs. 45.74 lakh made by the assessing officer (AO) on cash deposits in specified bank notes (SBN) during the demonetisation period. The bench has remanded the matter to the Assessing Officer (AO) for fresh examination. Coming to the facts of…

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