Cash Deposit before Demonetisation – Addition Deleted as Basis of Assessment Found Faulty

Dipakraj Krishnamuni Marathe Vs ITO (ITAT Pune) The appeal filed for AY 2017-18 was directed against the order of NFAC, arising from assessment order u/s 144 dated 27-12-2019. There was a delay of 468 days in filing the appeal which was condoned by Tribunal after accepting Assessee’s explanation that his consultant was unable to attend the case due to his wife’s illness & subsequent death. Relying on Collector, Land Acquisition v. Katiji (1987) 2 SCC 107 & Inder Singh v. State of M.P. (2025 INSC 382), the delay was held to be supported by reasonable cause. On merits, Assessee had d...