669-day delay – unexplained cash deposit Addition: ITAT Remands Case to CIT(A)

Amit Vyas Vs ITO (ITAT Indore) In the case of Amit Vyas Vs ITO, the Income Tax Appellate Tribunal (ITAT) Indore addressed an appeal filed against the Commissioner of Income Tax (Appeals) [CIT(A)] order dismissing the appeal due to a 669-day delay. The case originated from an assessment for the 2015-16 financial year where an addition of ₹40,00,000 was made for unexplained cash deposits. Vyas argued that the delay occurred due to incorrect service of the assessment order, as it was sent to an old address despite updating the details with the assessing officer. CIT(A) dismissed the appeal both...