Lack of Opportunity: ITAT Patna Orders Fresh Scrutiny of ₹2.15 Crore Demonetization Deposits

Ranjay Kumar Diwakar Vs ITO (ITAT Patna) Income Tax Appellate Tribunal (ITAT), Patna Bench, has remanded a case involving unexplained cash deposits of ₹2.15 crore during the demonetization period back to the Assessing Officer (AO). The Tribunal cited a lack of proper opportunity for the assessee to present his case before lower authorities, instructing the AO to conduct a fresh scrutiny after affording a reasonable hearing. The appeal was filed by Ranjay Kumar Diwakar against an order dated September 12, 2023, by the National Faceless Appeal Centre (CIT(A)). The ITAT, after condoning a 79-da...