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ITAT Remands Case for Reassessment of Cash Deposits
Case Law Details
- Case Name
- Mohamedaseef Abdul Rahim Vs ITO (ITAT Chennai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2012-13
- Courts
- All ITAT, ITAT Chennai
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Mohamedaseef Abdul Rahim Vs ITO (ITAT Chennai)
Income Tax Appellate Tribunal (ITAT) Chennai has remanded the case of Mohamedaseef Abdul Rahim back to the Commissioner of Income Tax (Appeals) [CIT(A)] for reassessment. The dispute concerns an addition of ₹15.93 lakhs under Section 68 of the Income Tax Act, 1961, related to unexplained cash deposits in the assessee’s bank account for Assessment Year (AY) 2012-13. The initial assessment was framed under Section 144 read with Section 147, and the CIT(A) upheld the addition due to a lack of supporting documentary evidence from the assessee. The...
