7-Day Opportunity Not a Valid Hearing, Restores Section 69C Credit Card Addition: Mumbai ITAT

Mufaddal Najmuddin Indorewala Vs ITO (ITAT Mumbai) 7-Day Opportunity Is NOT Effective Hearing- Mumbai ITAT Restores Credit Card Addition Made u/s 69C The Mumbai ITAT held that dismissal of an appeal by the CIT(A) after granting barely 7 days’ time for compliance violated principles of natural justice and deprived the assessee of effective opportunity of hearing. Accordingly, the Tribunal restored the matter back to the CIT(A) for fresh adjudication on merits in respect of addition made towards alleged unexplained credit card payments. The assessee, a salaried individual regularly filing retu...