Unexplained Cash Deposits During Demonetization: ITAT Remits Case Back to CIT(A)

Salim Ali Darugar Vs ITO (ITAT Panaji) The Income Tax Appellate Tribunal (ITAT), Panaji Bench, heard an appeal by Salim Ali Darugar against the order of the National Faceless Appeal Centre (NFAC)/Commissioner of Income Tax (Appeals) [CIT(A)], which had sustained the Assessing Officer’s (AO) addition of ₹28,01,500 under Section 69A of the Income Tax Act. This addition was made due to unexplained cash deposits during the demonetization period in Financial Year 2016-17. The AO had passed an order under Section 144 after the assessee provided only partial details and failed to fully substa...