Pune ITAT Directs Re-examination of Demonetized Cash Deposit Addition

Dashrath Kisanrao Vs ITO (ITAT Pune) Income Tax Appellate Tribunal (ITAT) Pune, in a recent ruling, has set aside an order confirming the addition of Rs. 40,99,500 as unexplained income in demonetized currency for Dashrath Kisanrao, a petrol pump owner. The Tribunal, in its decision pronounced on May 27, 2025, remanded the case back to the Assessing Officer (AO) for a fresh examination, citing newly submitted bank certificates that dispute the original findings. The assessee, Dashrath Kisanrao, operates a petrol pump business. For Assessment Year 2017-18, his case was selected for scrutiny fol...