Unexplained deposit addition made without knowing possession of two PAN: Matter remanded

Avdhesh Vs ITO (ITAT Indore) ITAT Indore held that AO made addition towards unexplained deposited without being aware of possession of two PAN by single person-assessee. Accordingly, matter remanded to the file of AO with imposition of cost of Rs. 7,000/-. Facts- The present appeal has been filed by the assessee mainly contesting the addition of Rs. 12,56,000/- as unexplained deposits. It is contested that the AO has, in the assessment framed, made an addition of Rs. 12,56,000/- for unexplained deposit in “Narmada Jhabua Grameen Bank, Kukshi – A/c No. 601130110000019” but the said a/c be...