Cash deposit during demonetization period to be examined as per CBDT instructions: ITAT Bangalore

Chetana Financial Services Private Limited Vs ACIT (ITAT Bangalore) ITAT Bangalore remanded the matter back to AO as lower authorities failed to examine the cash deposited during demonetization period as per the CBDT instructions. Facts- Assessee is a private limited Non-Banking Financial Company (NBFC) engaged in the business of micro finance having head office at Haveri. It provided joint liability group loan with collateral to rural, urban and semi-urban household and mainly concentrates its business in city talukas and remote villages wherein banking facilities are bleak. The assessee file...