₹2.53 Cr Bank Deposit Addition Without Verification: ITAT Remands case

Bhupendra Singh Vs ITO (ITAT Jabalpur) ₹2.53 Cr Deposits by Agriculturist-Addition Without Verification – ITAT Jabalpur Restores Matter for Fresh Assessment Assessee, an agriculturist, was found to have deposited ₹88.69 lakh in bank accounts during demonetisation period. AO reopened assessment u/s 147 by issuing notice u/s 148 on 29/03/2021. As there was non-compliance, AO proceeded ex parte u/s 144/147 & assessed total income at ₹3.30 crore, treating total bank deposits of ₹2.53 crore as unexplained. CIT(A) upheld the addition ex parte, dismissing appeal without proper hearing, ...