Demonetization Cash Deposit: ITAT Remands Addition Due to Lack of Proper Inquiry

Greentek Reman Private Limited Vs ITO (ITAT Delhi)

ITAT Delhi: Cash deposits during demonetization remanded for fresh verification – Addition u/s 68 not sustainable without proper inquiry

Delhi ITAT set aside the addition of ₹28.14 lakh made u/s 68 towards alleged unexplained cash deposits during the demonetization period & remanded the matter to AO for fresh adjudication after proper verification of evidence.

Assessee, engaged in e-waste recycling & resale of refurbished IT equipment, had deposited ₹41.11 lakh in cash d

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