VSV Form-3 Without Payment Doesn’t Bar Appeal: ITAT Mumbai Deletes ₹7.65 Lakh Demonetisation Addition

Ameeta Paramanand Nadkarni Vs ITO (ITAT Mumbai) VSV Form-3 Without Payment Doesn’t Bar Appeal: ITAT Mumbai Deletes ₹7.65 Lakh Demonetisation Addition   Mumbai   ITAT allowed the Assessee’s appeal and deleted the addition of ₹7,64,940 made u/s 69A r.w.s. 115BBE relating to demonetisation-period cash deposits. The AO had accepted part of the cash deposits of ₹17.56 lakh and treated the balance ₹7.64 lakh as unexplained. The CIT(A) dismissed the appeal solely on the ground that the Assessee had opted for the Vivad-se-Vishwas Scheme, 2020 and Form-3 had been issued. The Tribunal he...