ITAT Bangalore Judgments — May 2023

The Tribunal held that the NFAC had not considered the medical certificate provided by the assessee. Therefore, the matter was remitted back to the NFAC to re-examine the delay in filing the appeal in light of the new evidence and to decide on the merits thereafter.

The Tribunal allowed the appeal for statistical purposes, remanding the matter back to the AO for denovo assessment. The assessee was granted liberty to produce necessary documents to substantiate the cash deposits, with the AO to provide three effective opportunities.