Ex Parte Assessment Order passed regarding Bogus Purchases: ITAT directs re adjudication [Read Order]

ITAT - ITAT directs readjudication - Assessment Order - TAXSCAN

The Income Tax Appellate Tribunal (ITAT), Bangalore bench, directed readjudication on account of an ex parte assessment order regarding the bogus purchases. After filing the return of income, the assessee, Kalu Singh, underwent scrutiny and was assessed under section 143(3) of the Income Tax Act. In the order dated 30.03.2021, the assessed income was Rs.14,270…

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