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Unexplained Cash Deposits of ₹1.04 Crore: ITAT Sets Aside Matter for CIT(A)’s Fresh Adjudication

Update / Judgement Date

13 Mar 2025

Source

Taxscan

Author

Team — WCP Legal Desk

Reading Time

1 min read

Income TaxOther Legal Matters

The ITAT has set aside a matter concerning unexplained cash deposits for fresh adjudication by the CITA. The tribunal emphasized the need for a thorough examination of the evidence. This decision ensures fairness and protects the rights of assessees. The ruling clarifies the process for assessing cash deposits.