ITAT Orders Fresh Review of ₹42.26 Lakh Cash Deposit deposit addition Case

Nirmala Dass Vs ITO (ITAT Delhi) In the case of Nirmala Dass vs. ITO, the Income Tax Appellate Tribunal (ITAT) addressed an appeal concerning the addition of ₹42.26 lakh made by the Assessing Officer (AO) under Section 144 of the Income Tax Act, 1961, for unexplained cash deposits during the financial year 2011-12. The reassessment was upheld by the Commissioner of Income Tax (Appeals) [CIT(A)], National Faceless Appeal Centre (NFAC), Delhi. The assessee contended that the reassessment order and the subsequent addition were made without proper jurisdiction and that the cash deposits had legi...