Unexplained Expenditure Addition of ₹77.47 Crore: ITAT Sets Aside Assessment Over Natural Justice Violation [Read Order]

The Ahmedabad Bench of Income Tax Appellate Tribunal(ITAT) set aside an assessment order involving an unexplained expenditure addition of ₹77.47 crore and remanded the matter to the Jurisdictional Assessing Officer (JAO), citing a violation of natural justice. Redex Enterprise, appellant-assessee, a partnership firm providing manpower services, filed its income tax return for the assessment year…