Reassessment Without Proper Consideration of Evidence: ITAT Restores Rs.15.88 Lakh Addition for Fresh Verification [Read Order]
The Tribunal observed that although the assessee had submitted several confirmations, Gram Namuno, and even produced one lender for examination, the AO failed to consider the merits of this documentation.
By Franklin Joshva - On April 23, 2025 8:32 pm - 2 mins read
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) restored a reassessment case to the Assessing Officer (AO) observing that the AO failed to properly consider the documentary evidence furnished by the assessee in relation to cash deposits amounting to Rs. 15.88 lakh. Amit Hasmukhbhai Shah (assessee), whose case was reopened due to the…
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