Ex-parte Cash Deposit Addition under Section 69A Set Aside, Readjudication directed

Srimathi Pichara Vs ITO (ITAT Hyderabad) The case of Srimathi Pichara Vs ITO was heard by the Income Tax Appellate Tribunal (ITAT) Hyderabad. The assessee filed an appeal against the ex-parte addition of cash deposits made during the demonetization period under Section 69A of the Income Tax Act. The ITAT set aside the addition and directed the Assessing Officer to readjudicate the matter after providing the assessee with an opportunity to produce relevant documents for fact verification. This article provides an analysis of the case and its implications. Analysis: The assessee failed to furnis...