ITAT Remands Ex-Parte Order on Unexplained Demonetization Cash Deposit for Fresh Hearing

Akanksha Enterprises Private Limited Vs CIT (Appeals) (ITAT Kolkata) The Income Tax Appellate Tribunal (ITAT), Kolkata Bench, has set aside an ex-parte order passed by the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC), Delhi, concerning an unexplained cash deposit during the demonetization period for Akanksha Enterprises Private Limited. The Tribunal has remitted the matter back to the CIT(A) to provide the assessee a fresh opportunity of hearing, emphasizing the adherence to the principle of natural justice. The appeal, filed by Akanksha Enterprises Private Limi...