ITAT Restores Section 69 Matter to AO After Ex Parte Assessment and Appeal Orders

Rathinasamy Sivasankaran Vs ITO (ITAT Chennai) ITAT Restores ₹31.29 Lakh Unexplained Investment Addition; CIT(A) Faulted for Passing Order on Same Day as Response Deadline The Chennai ITAT set aside an ex parte reassessment involving an addition of ₹31.29 lakh as unexplained investment under section 69 read with section 115BBE, holding that the assessee deserved one more opportunity to present his case, especially when the CIT(A) passed the appellate order on the very date fixed as the deadline for filing submissions. The assessee, engaged in real estate consultancy and brokerage services,...