Informative

Third-Party Statement Basis for Reassessment of Rs 286 Cr Cash Deposit; ITAT Remands File to CITA for Source Verification

Update / Judgement Date

16 Oct 2025

Source

Taxscan

Author

Team — WCP Legal Desk

Reading Time

1 min read

Income Tax

The ITAT remanded a case involving Rs 286 crore cash deposits to the CITA for verification of sources, emphasizing that reassessment based solely on third-party statements requires careful validation.

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Third-Party Statement Basis for Reassessment of Rs 286 Cr Cash Deposit; ITAT Remands File to CITA for Source Verification

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