ex-parte Addition for Cash Deposits: ITAT restores Matter to AO

Baldev Kumar Vs ITO (ITAT Delhi) On perusal of the assessment order, it appears that the assessee has deposited cash amount to Rs.19,49,553/- in the savings bank account in Financial Year 2011-12 relevant to Assessment Year 2012-13 in question. The Assessing Officer attempted to make inquiry on the source of such cash deposits but however the matter was proceeded ex-parte in the absence of compliances. In the light of the assertions made towards non compliance before Assessing Officer and CIT(A), we consider it expedient to restore the matter back to the file of the Assessing Officer to take t...