ITAT Mumbai Condones Delay of Housewife-Assessee & Remands Matter to CIT(A) for Fresh Disposal on Merits

Vinaya Prasanna Kulkarni Vs ITO (ITAT Mumbai) The assessee, a housewife, filed an appeal before the Commissioner of Income Tax (Appeals) [CIT(A)] against an assessment order passed under section 147 read with section 144 for the assessment year 2019–20. The assessment involved additions of ₹1,00,00,000 under section 69A on account of alleged unexplained fixed deposits, along with taxation of interest income of ₹88,656. The assessee contended that the fixed deposit of ₹50,00,000 had been reported twice, resulting in an incorrect addition of ₹1,00,00,000, and that the interest income w...