ITAT Restores Appeal Against NFAC’s “No Appeal Lies” View on 143(3)

Rohit Amritlal Kapadia Vs DCIT (ITAT Mumbai) ITAT Mumbai Sets Aside NFAC’s ‘No Appeal Lies’ View; Holds 143(3) Must Adjudicate 143(1) Adjustments & Remands Capital-Gains Addition for Fresh Decision Assessee appealed against NFAC’s order dismissing his appeal on the ground that “no addition was made in scrutiny assessment”, because the AO merely adopted the income determined earlier u/s 143(1), without fresh discussion. The impugned adjustment was ₹4,02,29,136, treated as capital gains while processing the return, which Assessee had disputed by filing a rectification request u...