ITAT Remands Cash Deposit Case Linked to Wrong PAN for Verification

Avikal Maskara Vs ITO (ITAT Ranchi) The ITAT Ranchi heard the appeal filed by the assessee, Avikal Maskara, challenging an order dated March 26, 2024, passed by the CIT(A), NFAC, Delhi, for the Assessment Year (AY) 2017-18. The assessee, who is a partner in Mahabir Marketing Solutions and a Director in M/s Eon Sales Enterprises Private Limited, submitted that the core issue involved a cash deposit of ₹23,51,700/- made in a Bank of Baroda account belonging to M/s Eon Sales Enterprises Private Limited. The key fact presented was that the PAN number attached to this company bank account was inc...