No effective Representation before lower Authorities: ITAT direct readjudication in respect of Sale Consideration deposit in Bank Account [Read Order]

No effective Representation - Authorities - No effective Representation before lower Authorities - ITAT - taxscan

The Income Tax Appellate Tribunal (ITAT) Delhi bench while observing the no representation before the lower authorities by the assessee directed readjudication in respect of Sale Consideration deposited in the bank account . Assessee, Sunder Lal assessment was reopened u/s 147 of the Income-tax Act, 1961  on the ground that the assessee had deposited cash…

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