ITAT Imposes ₹10,000 Cost on Taxpayer for Non-Appearance for Hearing, Remands Gift and Gold Sale Addition Matter to CIT(A) [Read Order]
The bench allowed the assessee’s appeal for statistical purposes, giving the taxpayer one final chance to contest the additions related to cash received as gifts and from gold sales
By Navasree A.M - On May 6, 2025 10:03 am - 2 mins read
The Chennai bench of Income Tax Appellate Tribunal ( ITAT ) has remanded the addition of cash received from gift and sale of gold back to the Commissioner of Income Tax ( Appeals ) [ CIT(A) ] imposing cost of Rs. 10,000 on the assessee for the non-appearance for hearing despite issuing multiple notices. In…
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