https://www.taxtmi.com/caselaws?id=764381 ITAT Agra allowed the assessee's appeal for statistical purposes in a case involving reopening of assessment under section 147 for unexplained cash deposits and gifts. The tribunal found that both AO and CIT(A) failed to conduct proper verification - AO rejected the assessee's contentions without investigating 11 donors or issuing notices under sections 131/133(6), while CIT(A) merely upheld the assessment order without adequate examination. Despite the assessee's non-compliance with appellate notices, the tribunal set aside the matter to AO for de novo assessment, emphasizing the need for proper investigation and adherence to natural justice principles. en-us Fri, 29 Nov 2024 00:00:00 +0530 Thu, 09 Jan 2025 07:46:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=764381 ITAT Agra allowed the assessee's appeal for statistical purposes in a case involving reopening of assessment under section 147 for unexplained cash deposits and gifts. The tribunal found that both AO and CIT(A) failed to conduct proper verification - AO rejected the assessee's contentions without investigating 11 donors or issuing notices under sections 131/133(6), while CIT(A) merely upheld the assessment order without adequate examination. Despite the assessee's non-compliance with appellate notices, the tribunal set aside the matter to AO for de novo assessment, emphasizing the need for proper investigation and adherence to natural justice principles. Case-Laws Income Tax Fri, 29 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=764381