ITAT Restores Cash Deposit Case Due to Unexamined Debits & Additional Evidence

Umeshbhai Ramanlal Shah Vs ITO (ITAT Ahmedabad) Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, on June 26, 2025, restored a case involving unexplained cash deposits of ₹18,32,350/- to the Assessing Officer (AO). The appeal, filed by Umeshbhai Ramanlal Shah against an order from the National Faceless Appeal Centre (NFAC), challenged the addition made under Section 69A of the Income Tax Act, 1961, for Assessment Year 2011-12. The ITAT’s decision highlighted the AO’s failure to adequately examine debit entries in the bank account and the CIT(A)’s oversight in not admit...