Assessments Quashed for Non-Supply of Relied-Upon Material: ITAT Indore

Anuj Tiwari Vs ACIT (ITAT Indore) ITAT Indore: Assessments Based on 132A/133A Material Quashed for Non-Supply of Evidence; Penalties Upheld The Income Tax Appellate Tribunal delivered a split verdict in a batch of 13 appeals filed by the assessee for AYs 2015-16 to 2021-22, involving both quantum and penalty proceedings. On Quantum Appeals:The Tribunal held that the assessments framed under sections 144/143(3) read with 153A, based on material allegedly received under section 132A and collected during survey under section 133A, were vitiated due to violation of principles of natural justice. T...