Agriculturist Claims Pre-Demonetization Cash Deposits: ITAT Remands Ex-Parte Assessment for Verification of Claim [Read Order]

Considering the cash deposit was agricultural income and deposited before the Demonetization period, the ITAT remands matter

By Kavi Priya - On October 12, 2024 4:22 pm - 2 mins read

ITAT - ITAT Surat - Pre Demonetization Cash Deposit - Ex Parte Assessment - ITAT remands ex parte assessment - taxscan

The Surat Bench of Income Tax Appellate Tribunal ( ITAT ) remanded the matter alleged cash deposit during the demonetization period back to the assessing officer ( AO ) to verify the agriculturalist claim, deposited before the demonetization period. Vijay Odhabhai Lalu ( the assessee ) deposited Rs. 57,22,000 into bank accounts, which was brought…

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