ITAT Cuttack Restores Demonetisation Cash Deposit Case for Fresh Hearing

Tapas Kumar Chanda Vs ITO (ITAT Cuttack) The Income Tax Appellate Tribunal (ITAT) in Cuttack has remanded a tax appeal concerning a cash deposit of ₹9 lakh, granting the assessee, Tapas Kumar Chanda, one more opportunity to furnish documentary evidence. The decision came in the case of Tapas Kumar Chanda vs. ITO, where the assessee’s appeal was initially delayed by 302 days. The tribunal, after reviewing a condonation petition supported by medical certificates, accepted the delay as non-intentional, attributing it to the assessee’s illness. The dispute arose during the assessment...