ITAT Orders Re-Assessment of Demonetisation Period Additions

Tosifbhai Tajdin Halani (Individual) Vs DCIT (ITAT Ahmedabad) Income Tax Appellate Tribunal (ITAT), Ahmedabad bench, has set aside an order passed by the Commissioner of Income Tax (Appeals) [CIT(A)], National Faceless Appeal Centre (NFAC), and directed a fresh assessment in the case of an individual taxpayer concerning significant additions made during the assessment year 2017-18. The tribunal’s decision was based on the principle of allowing the assessee a further opportunity to submit necessary evidence to substantiate their claims against the additions. The case involves Tosifbhai Ta...