ITAT restricts addition to 50% for non-furnishing of requisite detail related to refund of advances from customers

Ravindra Dattu Jadhav Vs ITO (ITAT Pune)

Introduction: The case of Ravindra Dattu Jadhav vs. ITO, heard at ITAT Pune, involves an individual engaged in small-scale land trading and agricultural activities. The Assessing Officer treated a significant bank deposit as undisclosed income, leading to a dispute. The CIT(A) partially upheld the addition, prompting the appellant to approach ITAT Pune for relief.

Detailed Analysis: Ravindra Dattu Jadhav, involved i

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