ITAT Delhi Overrules CIT(A) order for Dismissal Without Merit Assessment

Agrawal Pathshala Vs ITO (ITAT Delhi) In a recent judgment between Agrawal Pathshala and the Income Tax Officer (ITO), ITAT Delhi overturned a dismissal made by the Commissioner of Income Tax (Appeals) or CIT(A) due to lack of merit analysis in the case. The case revolves around a penalty imposed by the Assessing Officer (AO) related to cash deposits made by the assessee in the State Bank of India during the Financial Year 2009-10. According to the records, the AO made an addition to the cash deposits amounting to Rs.29,82,399/-, on which a penalty of Rs.8,99,682/- was imposed. The assessee fi...