ITAT Restores Rs. 1.86 Cr Addition for Fresh Review, Citing CIT(A)’s Unreasoned Order

Nityanand Pandey Vs ITO (ITAT Kolkata) The Income Tax Appellate Tribunal (ITAT), Kolkata Bench, set aside the order of the Commissioner of Income Tax (Appeals) [CIT(A)] in the case of Nityanand Pandey vs. ITO and restored the entire matter, including an addition of {Rs. 1,86,25,000} for unexplained cash deposits, back to the file of the Assessing Officer (AO) for de novo consideration. The Tribunal’s primary rationale was that the CIT(A) had failed to pass a reasoned order on the merits of the case, instead merely upholding the AO’s view and dismissing the appeal due to the assess...