Income Tax Appeal Dismissed for Non-Prosecution Remanded for Fresh Adjudication

Shankarlal Shantilal Mali Vs National Faceless Assessment (ITAT Mumbai) Income Tax Appellate Tribunal (ITAT) Mumbai bench has remitted the case of Shankarlal Shantilal Mali back to the Commissioner of Income-tax (Appeals) [CIT(A)] for a fresh examination. The appeal, pertaining to the Assessment Year (A.Y.) 2014-15, involves an addition of Rs. 1,00,57,294/- to Mali’s income as unexplained cash deposits under Section 69A of the Income-tax Act, 1961. Mali, a self-declared small-time mobile accessories retailer, initially filed his return of income for A.Y. 2014-15 declaring a total income ...