Unexplained Cash Deposit During Demonetization Added u/s 69A: ITAT Sets Aside CIT(A) Ex-Parte Order

The Kolkata Bench of the ITAT dealt with a case involving the addition of ₹12.48 lakh as unexplained cash deposits during demonetization under Section 69A. The assessee's appeal was initially dismissed ex-parte due to non-appearance. However, the ITAT accepted the assessee's explanation for the delay, citing a notice sent to an incorrect email address, and remitted the matter back to the CIT(A) for a fresh hearing, ensuring the assessee gets a fair opportunity to present his case.