Unexplained Cash Deposit During Demonetisation Led to Addition in Income: ITAT Restores Matter to AO

An unexplained cash deposit during demonetisation led to an income addition, but the ITAT (Income Tax Appellate Tribunal) has restored the matter to the AO (Assessing Officer). The assessee had made significant cash deposits during the demonetization period, which the Assessing Officer added to their income as unexplained. The ITAT remanded the case back, implying that a deeper examination is required. This suggests that while large cash deposits during that period warrant scrutiny, an assessee should be given a proper opportunity to explain the source and legitimacy of the funds before a final addition is confirmed, ensuring due process.