ITAT Chennai Remands ₹6.16 Cr Cash Deposit addition Case for Fresh Adjudication

R 1618 Varadharajapuram Primary Agri. Co-op. Society Vs ITO (ITAT Chennai) Chennai: The Income Tax Appellate Tribunal (ITAT), Chennai Bench, has remanded the case of R 1618 Varadharajapuram Primary Agri. Co-op. Society  to the Assessing Officer (AO) for fresh adjudication. This decision comes after the cooperative society failed to respond to multiple notices regarding substantial cash deposits totaling Rs. 6,16,68,376, leading to the amount being added to its income as unexplained money. The Tribunal, in its order dated April 30, 2025, imposed a condition of payment of Rs. 5,000 to the State...