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ITAT Grants Fresh Hearing on ₹54.70 Lakh Demonetization Cash Deposits Case
Case Law Details
- Case Name
- Nagarajan Manivannan Vs ITO (ITAT Chennai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2017-18
- Courts
- All ITAT, ITAT Chennai
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Nagarajan Manivannan Vs ITO (ITAT Chennai)
Income Tax Appellate Tribunal (ITAT) Chennai has granted a fresh opportunity to Nagarajan Manivannan to substantiate the source of ₹54.70 lakh in cash deposits made during the demonetization period. The case pertains to the Assessment Year 2017-18, where the Assessing Officer (AO) had made an addition under Section 147 read with Section 144 of the Income Tax Act. The Commissioner of Income Tax (Appeals) [CIT(A)] confirmed the addition as the assessee failed to present any evidence despite multiple opportunities. Seeking relief, the assessee approach...
