ITAT deletes addition for Cash Deposit which was duly explained by Taxpayer

Pravinbhai Mumabhai Bharwad Vs ITO (ITAT Ahmedabad) Pravinbhai Mumabhai Bharwad filed an appeal against the National Faceless Appeal Centre (NFAC)’s order dated 07-08-2023 concerning the assessment year 2017-18. The grounds of appeal primarily revolve around the legality of upholding the addition of Rs. 11,95,160/- made by the Assessing Officer (AO), citing procedural lapses and failure to explain cash deposits. The appellant argued that their previous tax consultant’s negligence and their illiteracy, compounded by residing in a remote village, led to non-compliance with notices is...