Rectification order made simultaneously must be given effect: ITAT reduces income

Dineshkumar Somabhai Patel Vs ITO (ITAT Ahmedabad)

The sole issue in the matter is pertaining to the unexplained cash deposit of Rs. 32,00,000/-in various account of the assessee during the period of demonetization.

On appeal before CIT (A) it was argued that with respect to the cash of Rs.15 lakhs deposited in the Kukarwada Nagrik Sahakari Bank Ltd. bank account of the assessee, rectification order u/s 154 was already passed by the AO after considering the fact that the amount actually deposited was only 1.50 Lakh not Rs. 15 lakh. Even after the submission CIT (A) ignored t

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