No Return, Ex-Parte Heavy U/s 69A Addition – But Lack of Hearing Saves Assessee at ITAT

Shivraj Singh Vs ITO (ITAT Lucknow) Assessee, who had not filed return for AY 2012-13, faced an ex-parte assessment u/s 144/147 dated 05.12.2019 wherein AO determined income at Rs.51,05,000/- treating cash deposits as unexplained u/s 69A along with a small interest addition. CIT(A) upheld assessment without granting effective opportunity. Before Tribunal, Assessee contended that neither AO nor CIT(A) afforded reasonable opportunity to explain the deposits. Tribunal noted this grievance, observed no objection from Revenue, & restored the entire matter to AO for fresh assessment after provid...