ITAT quashes Ex-Parte Assessment Order passed without considering Valuation Report u/s 12A of Income Tax Act [Read Order]

ITAT - ITAT Hyderabad - Income tax - Income tax news - Assessment Order - taxscan

The Hyderabad bench of the Income Tax Appellate Tribunal ( ITAT ) quashed the ex parte assessment order passed without considering the Valuation report under Section 12A of the Income Tax Act, 1961. The single-member bench of Laliet Kumar (Judicial Member) rendered the above decision after examining the submissions of Sandhya, Assessee Representative (AR), and…

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