https://www.taxtmi.com/caselaws?id=776173 The ITAT Ahmedabad upheld the addition of cash deposits made by the AO, noting the assessee failed to comply with directions during assessment and CIT(A) proceedings despite multiple opportunities. Although the assessee explained the deposits related to agency commission income and daily transfers to GCMMF Ltd., no proper inquiry was made by the AO into these transactions. The CIT(A) did not examine the addition on merits due to the assessee's persistent non-compliance. The tribunal rejected the assessee's excuse of blaming counsel and non-receipt of physical notices. A cost of Rs. 10,000 was imposed on the assessee to be paid to the Income Tax Department within two weeks. en-us Fri, 03 Jan 2025 00:00:00 +0530 Wed, 06 Aug 2025 08:19:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776173 The ITAT Ahmedabad upheld the addition of cash deposits made by the AO, noting the assessee failed to comply with directions during assessment and CIT(A) proceedings despite multiple opportunities. Although the assessee explained the deposits related to agency commission income and daily transfers to GCMMF Ltd., no proper inquiry was made by the AO into these transactions. The CIT(A) did not examine the addition on merits due to the assessee's persistent non-compliance. The tribunal rejected the assessee's excuse of blaming counsel and non-receipt of physical notices. A cost of Rs. 10,000 was imposed on the assessee to be paid to the Income Tax Department within two weeks. Case-Laws Income Tax Fri, 03 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776173