ITAT directs AO to consider Additional Evidence related to cash deposit

Dr. BR Ambedkar Jain Kalyan Swayam Sahayata Samiti Vs ITO (ITAT Delhi) Undisputedly, in course of assessment proceeding the assessee went unrepresented, for whatever may the reason. Therefore, the assessee did not get any opportunity to explain the source of cash deposits made in the bank account with supporting evidence. However, before learned first appellate authority, the assessee not only explained the source of cash deposits to be out of cash receipts from members for specific purpose but also furnished additional evidences to substantiate such claim. It is evident, learned Commissioner ...