ITAT Chennai Remands Demonetization Cash Deposit Case Back to CIT(A)

S.S.S. Export Vs ITO (ITAT Chennai) ITAT Chennai Remands Tax Appeal, Grants Assessee Another Chance to Prove Income Source The Income Tax Appellate Tribunal (ITAT), Chennai, has granted a taxpayer, S.S.S. Export, an additional opportunity to provide evidence to support claims regarding cash deposits made during the demonetization period. The tribunal’s decision came in an appeal filed against the order of the Commissioner of Income Tax (Appeals) (CIT(A)), which had upheld an addition of ₹15 lakh to the assessee’s income under Section 69A of the Income Tax Act, 1961, treating it a...