ITAT Bangalore Orders Re-adjudication Citing Lack of Adequate Opportunity

Comfortable Abode Private Limited Vs ACIT (ITAT Bangalore) Introduction: In a recent case between Comfortable Abode Private Limited and the Assistant Commissioner of Income Tax (ACIT), the Income Tax Appellate Tribunal (ITAT), Bangalore, directed re-adjudication. The tribunal held that the assessment proceedings completed by the National Faceless Appeal Centre (NFAC) Delhi did not give sufficient opportunity to the assessee. Analysis: The case originated with the assessment for the year 2016-17, wherein the company had declared a current year loss. Following scrutiny and notices, the assessmen...