Unexplained Bank Deposits and PMGKY Non-Consideration: ITAT Remands Matter for Final Evidence Submission and Verification

ITAT (Income Tax Appellate Tribunal) remanded a matter related to unexplained bank deposits and non-consideration under the PMGKY (Pradhan Mantri Garib Kalyan Yojana) for final evidence submission and verification. The tribunal found that the assessing officer did not adequately consider the taxpayer's explanation or provide an opportunity for submitting complete evidence related to the deposits and the PMGKY scheme. The remand directs the AO to conduct a thorough verification after the taxpayer presents all necessary information.