Redeposit of Earlier Withdrawals Accepted- ITAT Ahmedabad Deletes ₹17.63 Lakh Demonetization Addition

Malini Jignesh Doshi Vs ITO (ITAT Ahmedabad) Assessee, an individual earning from tuition, rent & interest, deposited ₹17.63 lakh in her bank accounts during the demonetization period. AO treated the deposits as unexplained money u/s 69A, as no explanation or evidence was furnished, & taxed them u/s 115BBE. CIT(A), NFAC upheld the addition for want of compliance. The appeal before ITAT was delayed by 313 days since Assessee’s earlier consultant failed to inform her about CIT(A)’s order. Applying Collector Land Acquisition v. Katiji (167 ITR 471) & N. Balakrishnan v. Krishnamu...