Income Tax Addition Quashed for Non-Consideration of Submitted Proofs

Pawan Kumar Sharma Vs ITO (ITAT Delhi) AIR Triggered 147 Fails: Confirmations, FDRs & Capital Withdrawals Save Assessee -Ex Parte 147 Cannot Survive When Evidence Speaks- No Unexplained Investment: ITAT Accepts Complete Fund Flow, Assessment Annu In this appeal of Pawan Kumar Sharma Vs ITO, arising from reassessment framed u/s 144/147 in connection with an AIR-based purchase of immovable property for ₹70,00,000, Tribunal noted that the assessment was completed ex parte & the Ld. CIT(A) confirmed ₹55,00,000 despite detailed additional evidence demonstrating complete explanation of f...