ITAT Remands Reassessment Case Due to Failure to Examine Additional Evidence

Karam Veer Vs ITO (ITAT Delhi) In Karam Veer vs ITO, the ITAT Delhi remanded the matter back to the Assessing Officer after observing that the assessee’s contentions and additional evidence had not been properly examined by the lower authorities. The reassessment was initiated due to cash deposits of ₹19.88 lakh and other unexplained credits in the assessee’s bank account, coupled with the failure to file returns under section 139. The Assessing Officer treated these amounts as undisclosed income and disallowed deductions claimed under Chapter VI-A. Although the assessee later fi...