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Informative

ITAT gives Second Chance to Fruit Trader in Rs.28 Lakh Demonetization Case Over Procedural Lapses

Update / Judgement Date

11 Apr 2025

Source

Taxscan

Author

Team — WCP Legal Desk

Reading Time

1 min read

Appeal Against OrderIncome Tax

The ITAT (Income Tax Appellate Tribunal) granted a second chance to a fruit trader in a ₹28 lakh demonetization case, citing procedural lapses in the initial assessment. The tribunal observed that the Assessing Officer (AO) had not followed proper procedures in handling the case related to the trader's cash deposits during the demonetization period. The remand for a fresh hearing aims to rectify these procedural errors and ensure a fair assessment based on proper legal and evidentiary standards.