ITAT Restores Appeal for Fresh Hearing Under Section 250 After Non-Speaking Order in Demonetization Case

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....The ITAT set aside the order passed by the CIT/NFAC under section 250 in proceedings initiated under sections 147 read with 144 and 144B, concerning unexplained cash deposits during the demonetization period. The assessee failed to appear or submit written arguments before the CIT(A), who also did not issue a speaking order as required by section 250(6). Citing precedent, the ITAT held that the CIT(A) must dispose of the appeal on merits, even if ex parte. Consequently, the ITAT restored the matter to the CIT(A) for fresh adjudication on merits and directed issuance of a speaking order in compliance with statutory requirements. The appeal was allowed for statistical purposes.....