Addition on account of cash deposit: ITAT Orders Fresh Assessment  

Mahesh Mohanlal Desai Vs ITO (ITAT Surat) In the income tax appeal case Mahesh Mohanlal Desai vs. ITO (ITAT Surat), the Income Tax Appellate Tribunal (ITAT) ruled to return the case to the Assessing Officer (AO) for a fresh assessment, emphasizing that the taxpayer should be given a fair opportunity to present evidence substantiating cash deposits in his bank account. The appeal contested the National Faceless Appeal Centre (NFAC) and AO’s previous ex parte decisions, where Mr. Desai’s inability to fully respond due to procedural delays led to an addition of Rs. 12,03,000 under Section 144...