No Fair Hearing? ITAT Restores Taxpayer’s Appeal After Notices Sent to Temporary Email ID The ITAT Surat granted taxpayer Yatin Vinubhai Dudhat a second opportunity by remanding the case back to the AO for fresh consideration, noting the assessee could not properly present his case, neither before the CIT(A) nor before the tax authorities. The…
ITAT Holds Entire Deposit Cannot Be Taxed Without Evidence; Restricts Rs 9.83 Crore Addition to 8% of Deposits ITAT Surat ruled that in cases where deposits are made during the relevant year and the same have not been reflected in the return, taxing the full deposit will be unjustified without strong evidence. Hence, the tribunal…
No Evidence, No Relief: ITAT Upholds Rs 80 Lakh Addition in Unexplained Cash Credits Case The ITAT Surat held that mere claims without evidence cannot justify large cash deposits. Unusual cash handling and lack of documentation led to treating deposits as unexplained income, upholding the Rs 80 lakh addition and dismissing the assessee’s appeal. The…
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