Assessee could not apply under rule 46A- ITAT remands matter back to Addl./Jt. CIT(A)

Rajesh Kumar Dalmia Vs ITO (ITAT Kolkata)

In the abovementioned matter ITAT remanded the matter to AO after observing that assessee failed to apply under rule 46 A (Additional Evidence) of the IT Rules.

Assessee filed his return at ₹6,08,660/-. The case was selected for Scrutiny under “CASS” with thereason – “Abnormal increase in cash deposits during demonetization period. AO found that assessee had deposited specified Bank Notes (SBNs) to the tune of Rs 6,50,000/- during the period of demonetization which was treated as unexplained cash credits u/s

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