Cash Deposit Deletion Without Source Check Fails, Matter Remanded

ITO Vs Prathamik Krushi Pattin Sahakari Sangh Niyamit (ITAT Bangalore) ITAT Bangalore Faults CIT(A) for Deleting Cash Deposit Additions of Non-Filer Co-op Society Without Examining Source; Matter Remanded to AO The Bangalore ITAT allowed Revenue’s appeals and set aside NFAC-CIT(A)’s orders deleting large cash-deposit additions u/s 69A in the case of a primary agricultural credit co-operative society which was a non-filer of returns. For AY 2016-17, Assessee had deposited ₹1.71 crore in bank accounts and did not file return nor respond to notices u/s 148, 142(1) & 144, leading AO to c...