Income Tax Tribunal Chennai Sets Aside Ex-Parte Demonetization Addition
In a recent ruling, the Income Tax Appellate Tribunal (ITAT), Chennai ‘A’ Bench, has addressed an appeal filed by an assessee, Palanivel Nandakumar, for the assessment year 2017-181. The case centered on additions made on account of cash deposits during the demonetization period2. The Tribunal set aside the orders of the lower authorities and remitted…