The ITAT found that the denial of the adjournment and the opportunity to submit evidence violated procedural fairness.
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) remanded the matter to the Commissioner of Income Tax (Appeals) [CIT(A)] directing a fair hearing in the matter concerning an addition of Rs.49.5 lakh under Section 69A of Income Tax Act,1961, due to the denial of natural justice. Anjaiya Jewellery Pvt,appellant-assessee, filed an appeal…
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