ITAT Mumbai Grants One More Chance to Co-op Society to Explain Cash Deposits from Members

Advertisement Dahisar Gramin Bigar Sheti Sahakari Pat Sanstha Maryadit Vs ACIT (ITAT Mumbai) The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, in Dahisar Gramin Bigar Sheti Sahakari Pat Vs ACIT (Order dated 16 September 2025), remitted the issue of ₹29.46 lakh cash deposits to the Assessing Officer (AO) for fresh verification. The Tribunal accepted the assessee’s explanation that the cash was collected from society members and directed the AO to re-examine the evidence after granting adequate opportunity to the assessee. The Tribunal also condoned a delay of 388 days in filing the...