ITAT Restores Case of Unexplained Demonetization Deposit to AO for Fresh Review

Pareshbhai Khodabhai Godhani Vs ITO (ITAT Surat) Surat ITAT Restores Case of Unexplained Demonetization Deposit to Assessing Officer (AO) for Fresh Review The Income Tax Appellate Tribunal (ITAT), Surat Bench, has allowed the appeal of Pareshbhai Khodabhai Godhani for statistical purposes, setting aside the order of the National Faceless Appeal Centre (NFAC) and restoring the matter back to the Assessing Officer (AO) for a fresh assessment. The appeal challenged the NFAC’s order dated November 28, 2023, which had upheld the AO’s addition of ₹15,05,680 under Section 69A of the Inc...