Lack of awareness of Income Tax assessment proceedings u/s 148: ITAT remands matter with penalty [Read Order]
The tribunal observed that in the interest of justice, the matter should be remanded for reconsideration, allowing the assessee to submit additional evidence
By Franklin Joshva - On March 18, 2025 3:58 pm - 2 mins read
The Hyderabad Bench of the Income Tax Appellate Tribunal ( ITAT ) remanded the matter directing the Commissioner of Income Tax (Appeals) [CIT(A)] to reconsider additional evidence for additions made under Sections 68 and 69 of the Income Tax Act. Shri Syed Zubair Pasha, (assessee) engaged in the business of stone trading, had cash deposits…
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