ITAT Remands Case as Assessee was not given Final Opportunity to Explain Cash Deposits

The ITAT has remanded a case because the assessee was not given a final opportunity to explain cash deposits. This decision underscores the principle of natural justice and the right of the assessee to be heard. The ITAT's action ensures that taxpayers are given a fair chance to explain their financial transactions. This case highlights the importance of due process in tax assessments and appeals. The ITAT's decision protects the rights of taxpayers and ensures a fair hearing.