Section 148 Notice by JAO Remanded by ITAT Nagpur for Reconsideration

Madhuri Vishnu Dadure Vs ITO (ITAT Nagpur) The Income Tax Appellate Tribunal (ITAT), Nagpur, considered an appeal arising from an assessment made under Sections 147 read with 144B of the Income Tax Act, 1961 for Assessment Year 2015-16. The assessee challenged the order of the Commissioner of Income Tax (Appeals), who had dismissed the appeal and upheld an addition of ₹87,15,000 made as unexplained cash deposits under Section 69A of the Act. The assessee had filed a return declaring income of ₹3,62,440. Based on information that cash deposits of ₹87,15,000 had been made in a bank account...