Unexplained Cash Deposits of ₹1.04 Crore: ITAT Sets Aside Matter for CIT(A)’s Fresh Adjudication [Read Order]

The Tribunal noted that similar issues in the society’s cases for other years had been remanded, and in one instance, the AO had accepted the source of deposits
By Sneha Sukumaran Mullakkal - On March 13, 2025 11:39 am - 2 mins read
Unexplained Cash Deposits - Cash Deposits - ITAT Sets Aside - taxscan

The Pune Bench of Income Tax Appellate Tribunal ( ITAT ) set aside the matter concerning unexplained cash deposits of ₹1.04 crore for fresh adjudication by the Commissioner of Income Tax (Appeals) [CIT(A)], following similar rulings in the assessee’s cases for Assessment Year (AY)s 2013-14 and 2014-15. Annasaheb Ramesh Chhaganlal Ajmera, a credit cooperative society,…

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