Absence of thorough verification of origin of cash funds: ITAT directs re-adjudication

Shantabai Jasraj Lodha Vs ITO (ITAT Pune)

Shantabai Jasraj Lodha’s appeal challenges the National Faceless Appeal Centre’s order regarding additions to her income. Examining the dispute over a cash deposit of Rs. 20,00,000 during demonetization, the appeal contests the CIT(A)-NFAC’s affirmation of the Assessing Officer’s decision.

The crux of the appeal revolves around the source of the cash deposit and its intended purpose. While the appellant asserts the funds ori

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