ITAT Grants Partial Relief in Demonetization Cash Deposit Case Due to Senior Citizen Status

Narinder Kumar Vs ITO (ITAT Amritsar) The appeal before the Income Tax Appellate Tribunal, Amritsar, arose from an order passed by the Commissioner of Income Tax (Appeals), NFAC Delhi, which had upheld an assessment made under section 144 of the Income Tax Act relating to unexplained cash deposits during the demonetization period. At the outset, the Tribunal considered a delay of 183 days in filing the appeal. The assessee submitted an affidavit explaining that he had been residing in the USA when the appellate order was passed on 28.03.2024 and returned to India on 08.05.2024. It was further ...