Rs.19 Lakh ‘Unexplained Money’ with Golgappa Vendor: ITAT Remands Income Tax matter Directing Opportunity for

The ITAT has remanded the case of a golgappa vendor who was found to have unexplained money of Rs 19 lakh. The Assessing Officer had made an addition to the vendor’s income, citing the large amount of unaccounted cash. However, the ITAT found that the vendor had not been given an opportunity for a personal hearing. The tribunal directed that the taxpayer be allowed to explain the source of the cash and provide any supporting documents. This decision underscores the importance of fairness in tax assessments and the right of taxpayers to be heard before any final determination is made. It highlights the need for proper procedural safeguards in tax matters.