Non-Submission of crucial Evidence on Unexplained Cash Credits due to COVID-19 disruptions: ITAT accepts delayed Evidence, remands matter [Read Order]
Considering the taxpayer’s new crucial evidence, the ITAT remands unexplained income matters for verification
By Kavi Priya - On October 17, 2024 1:27 pm - 2 mins read
The Surat Bench of the Income Tax Appellate Tribunal ( ITAT ) accepted new evidence submitted by the assessee regarding unexplained cash credit, acknowledging the delays caused by the COVID-19 pandemic. The tribunal remanded the matter to the Assessing Officer (AO) for further investigation and verification of this newly submitted evidence. Narottamprasad Surajdin Pandey, the…
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