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The brand new Ahmedabad Bench of money Taxation Appellate Tribunal ( ITAT ) directed the new Examining Manager (AO) to consider financial distributions while you are reassessing the new unexplained cash dumps totaling Rs. step three.13 crore. Such items, that isn’t you can to make one introduction because of the huge cash deposit. The brand new Delhi Counter of one’s Tax Appellate Tribunal (ITAT) kept the newest introduction made due to cash placed in the bank account on account of failure to explain the main cause. While the CIT(A) don’t take into account these types of points, the new tribunal chose to remand the situation to possess reconsideration, enabling the fresh assessee a chance to introduce its case.
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