Non-Compliance Due to Email Change: ITAT Restores Quantum & Penalty Appeals to CIT(A)

Mauli Nagari Sahakari Patsanstha Maryadit Vs ITO (ITAT Pune)

The Income Tax Appellate Tribunal (ITAT) Pune reviewed three appeals by Mauli Nagari Sahakari Patsanstha Maryadit concerning penalties and tax additions for the assessment year 2013-14. The case arose after the Assessing Officer (AO) reopened the assessment, citing unreported cash deposits of ₹4.67 crores in multiple banks and cooperative societies. Due to non-compliance with statutory notices, the AO finalized the assessment under sections 147, 144, and 144B of the Income Tax Act, determining the income at the said amo

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