https://www.taxtmi.com/caselaws?id=462989 The ITAT Pune allowed the appeal for statistical purposes and set aside the matter to the AO for de novo assessment. The AO was directed to conduct a thorough inquiry into the unexplained cash deposits made during the demonetization period, specifically verifying the assessee's claim that the cash was received from its members. The AO must provide the assessee a reasonable opportunity of being heard and examine the submissions and ledger accounts filed by the assessee. The previous authorities' failure to conduct adequate inquiry warranted this remand for fresh verification. en-us Mon, 24 Mar 2025 00:00:00 +0530 Tue, 29 Jul 2025 20:09:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=462989 The ITAT Pune allowed the appeal for statistical purposes and set aside the matter to the AO for de novo assessment. The AO was directed to conduct a thorough inquiry into the unexplained cash deposits made during the demonetization period, specifically verifying the assessee's claim that the cash was received from its members. The AO must provide the assessee a reasonable opportunity of being heard and examine the submissions and ledger accounts filed by the assessee. The previous authorities' failure to conduct adequate inquiry warranted this remand for fresh verification. Case-Laws Income Tax Mon, 24 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=462989