Section 69A Addition Remanded for Reconsideration; ITAT Chennai Allows Late Appeal

Gani Lathifsahib Shakila Banu Vs ITO (ITAT Chennai) The Income Tax Appellate Tribunal (ITAT), Chennai Bench, has condoned a 465-day delay and remanded the appeal of Gani Lathifsahib Shakila Banu back to the Assessing Officer (AO). The case pertains to an addition made under Section 69A of the Income Tax Act for unexplained cash deposits during the demonetization period (A.Y. 2017-18). The Tribunal noted that the assessee had not made any representation before the AO or the Commissioner of Income Tax (Appeals), resulting in the addition being made for want of evidence. The delay in filing the a...