No proper opportunity before AO: ITAT remanded back the matter

Virtiben Preyashkumar Shah Vs ITO (ITAT Ahmedabad)

Assessment was completed at income of Rs.1,23,18,612/- against the returned income of Rs.3,76,740/- on account of unexplained cash deposited in the bank accounts amounting to Rs.1,19,41,872/-. CIT (A) uphold the action of the AO after observing that assessee could not explain the source of cash deposits in her bank accounts.

Before ITAT was submitted that assessee was not provided with sufficient opportunity before AO to furnish the details. Considering the submission ITAT remanded back the matter to AO.

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