ITAT Restores ₹22.01L Bank Deposits to AO After Ignored Affidavits & Sale Deeds

Jay Singh Vs ITO (ITAT Agra) The Income Tax Appellate Tribunal (ITAT), Agra Bench, in the case of Jay Singh vs. ITO, partially allowed the assessee’s appeal for statistical purposes. The Tribunal primarily focused on the violation of its earlier remand directions by the National Faceless Appeal Centre (NFAC). It set aside the NFAC’s order, which had confirmed an addition of as unexplained cash deposits, and restored the entire matter to the Assessing Officer (AO) for de novo adjudication. Background and Initial Assessment The appeal concerned the Assessment Year (A.Y.) 2010-11. ...