ITAT Chennai Remands Case Over Unexplained Cash Deposits for Fresh Hearing

Pachaiyappam Senthamarai Vs ITO (ITAT Chennai) The Chennai Bench of the Income Tax Appellate Tribunal (ITAT) decided an appeal filed by the assessee, Pachaiyappam Senthamarai, against the order of the National Faceless Appeal Centre (NFAC)/CIT(A) for the Assessment Year (A.Y.) 2012-13. The primary issue involved the addition of ₹15,01,000/- as unexplained cash credit under Section 68 of the Income Tax Act. Condonation of Delay and Initial Proceedings The appeal was filed with a significant delay of 150 days. The assessee, described as an individual involved in agricultural farming and illite...