ITAT Orders Reassessment of ₹10.3 Lakh Deposit After Appeal Dismissal

Shiv Kumar Vs ITO (ITAT Delhi)

In the case Shiv Kumar vs. Income Tax Officer (ITO), the Income Tax Appellate Tribunal (ITAT) Delhi ordered a reassessment regarding an unsubstantiated deposit of ₹10.3 lakh during the demonetization period. The original appeal filed by the assessee, Shiv Kumar, was dismissed by the Commissioner of Income Tax (Appeals) [CIT(A)] because he did not meet the advance tax condition under Section 249(4)(b) of the Income Tax Act. The CIT(A) upheld the Assessing Officer’s (AO) ex-parte assessment under Section 144 of the Act, which added ₹1

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