AO Failed to Consider Rule 6DD Exceptions in Cash Deposit Disallowance: ITAT Remits Case for De Novo Assessment

The ITAT remitted a case for de novo assessment after finding that the Assessing Officer (AO) failed to consider Rule 6DD exceptions in a cash deposit disallowance. Rule 6DD specifies certain exceptions to restrictions on cash payments. The tribunal's decision directs the AO to re-examine the case, taking into account the applicability of these exceptions to the cash deposits made by the assessee. This ensures a fair assessment based on a thorough consideration of the relevant rules and exceptions under the Income Tax Act.