https://www.taxtmi.com/caselaws?id=445012 ITAT Pune held that a non-resident assessee was eligible for assessment under section 144C without requiring an order under section 92CA(3), as the word "and" in the provision should be read as "or" to avoid absurd results. The tribunal ruled that procedural law amendments apply retrospectively to pending cases. However, regarding cash deposits under section 69A, ITAT found that cash withdrawn from one bank account remains available for deposit in another within two days, and the assessee's explanation supported by brother's affidavit was credible. The addition was deleted, favoring the assessee on this issue. en-us Wed, 18 Oct 2023 00:00:00 +0530 Tue, 02 Jan 2024 10:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445012 ITAT Pune held that a non-resident assessee was eligible for assessment under section 144C without requiring an order under section 92CA(3), as the word "and" in the provision should be read as "or" to avoid absurd results. The tribunal ruled that procedural law amendments apply retrospectively to pending cases. However, regarding cash deposits under section 69A, ITAT found that cash withdrawn from one bank account remains available for deposit in another within two days, and the assessee's explanation supported by brother's affidavit was credible. The addition was deleted, favoring the assessee on this issue. Case-Laws Income Tax Wed, 18 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445012