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, afte

Please become a Premium member. If you are already a Premium member, login here to access the full content.