Assessment Remanded as Assessee Denied Fair Hearing on Demonetisation Cash Deposit

Theeta Chowdayya Nagarathna Vs ITO (ITAT Bangalore)

Remand Directed as Assessee Was Not Given Proper Opportunity; Cash Deposit During Demonetisation to Be Re-examined

In this appeal, Assessee challenged the order of Addl./JCIT(A)-2, Visakhapatnam, confirming addition of ₹14,32,500/- as unexplained money u/s 69A arising from cash deposits made during the demonetisation period. The limited-scrutiny assessment was completed u/s 143(3) examining cash deposits, wherein AO rejected Assessee’s explanation that deposits were sourced from husband’s agricultural

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