ITAT Mumbai remands ₹3 crore addition case – directs AO to verify FDs, cash & flat investment afresh

ITO Vs Siddharth Suryakant Deshmukh (ITAT Mumbai)

ITAT Mumbai remands ₹3 crore addition case – directs AO to verify FDs, cash & flat investment afresh- Cryptic CIT(A) order set aside- Tribunal stresses on reasoned findings & natural justice Additional bank evidence accepted – ITAT orders fresh inquiry on unexplained deposits

Background

In these cross appeals, Revenue challenged the deletion of addition relating to investment in flat, while Assessee contested the sustenance of additions towards fixed deposits & cash deposits treated as unexplai

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