Non-appearance due to continuation of information gathering process not Deliberate Act: ITAT quashes Assessment Order of CIT(A) [Read Order]
ITAT quashed the assessment order of the Commissioner of Income Tax (appeals) acknowledging that the non-appearance was a result of the ongoing information gathering process rather than a deliberate act, and considering the principles of natural justice
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) quashed the assessment order of the Commissioner of Income Tax ( appeals ) acknowledging that the non-appearance due to continuation of information gathering process not deliberate act. The AO, after scrutinizing financial statements, identified discrepancies in disclosed rent information from multiple tenants. calculating income…
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