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Beer Shop Cash Deposits Assessment Remanded for De Novo Hearing by ITAT Pune
Case Law Details
- Case Name
- Shankar Saybu Rakhewar Vs ITO (ITAT Pune)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2017-2018
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Shankar Saybu Rakhewar Vs ITO (ITAT Pune)
Beer Shop Case: Demonetisation Cash Deposits Addition u/s 69A Remanded for Fresh Hearing-Assessee Directed to Update Email & Remain Vigilant – Case Restored to CIT(A)
Assessee, proprietor of a retail beer shop, did not file return of income for AY 2017-18. AO received information about cash deposits during the demonetisation period & issued notices, but there was no compliance. AO completed best judgment assessment u/s 144 on 27.12.2019, making additions aggregating to ₹19,50,314 including ₹12,30,000 u/s 69A for unexplained cash deposits ...
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