Cash Deposit Deletion Without Source Check Fails, Matter Remanded

Advertisement ITO Vs Prathamik Krushi Pattin Sahakari Sangh Niyamit (ITAT Bangalore) ITAT Bangalore Faults CIT(A) for Deleting Cash Deposit Additions of Non-Filer Co-op Society Without Examining Source; Matter Remanded to AO The Bangalore ITAT allowed Revenue’s appeals and set aside NFAC-CIT(A)’s orders deleting large cash-deposit additions u/s 69A in the case of a primary agricultural credit co-operative society which was a non-filer of returns. For AY 2016-17, Assessee had deposited ₹1.71 crore in bank accounts and did not file return nor respond to notices u/s 148, 142(1) & 144...