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LTCG Addition Remanded as CIT(A) Failed to Allow Rebuttal Opportunity
Case Law Details
- Case Name
- Aashka Hospitality Pvt. Ltd. Vs ITO (ITAT Ahmedabad)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2014-15
- Courts
- All ITAT, ITAT Ahmedabad
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Aashka Hospitality Pvt. Ltd. Vs ITO (ITAT Ahmedabad)
Jurisdiction Objection Barred by Sec.124(3); No Rebuttal Opportunity Against Remand Report — LTCG Addition of ₹5.80 Cr Remanded for Fresh Hearing
This appeal by Aashka Hospitality Pvt. Ltd. arose from an ex-parte reassessment u/s 144 r.w.s. 143(3) wherein the Assessing Officer added ₹5,80,85,164/- as Long-Term Capital Gain. The Assessee had filed its return declaring income of ₹1.71 crore. However, during scrutiny, despite several notices u/s 143(2), 142(1) & even a final notice u/s 274, no response was furnished...
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