ITAT remands Assessment back to AO for Fresh Review due to Non-Receipt of Notices and Disputed Cash Payments

The ITAT remanded an assessment case back to the Assessing Officer (AO) for a fresh review after finding that the taxpayer did not receive necessary notices and that there were disputed cash payments. The Tribunal noted that the lack of proper notice undermined the fairness of the original assessment. It directed the AO to reissue the notices and allow the taxpayer to present evidence regarding the disputed cash transactions. This ruling highlights the importance of ensuring proper communication in tax assessments.