Taxpayer/assessee should be heard as far as reasonably possible: ITAT Pune

Sachin Vasant Jare Vs ACIT (ITAT Pune) Introduction: The Income Tax Appellate Tribunal (ITAT) in Pune addressed an appeal by Sachin Vasant Jare against the order of the National Faceless Appeal Centre (NFAC), Delhi. The core of the dispute revolved around a substantial increase in the appellant’s capital account for the year A.Y.2015-16 and his opportunity to provide explanations in the face of this query. Analysis: Sachin Vasant Jare, proprietor of S.V. Enterprises and engaged in the construction business, showed a large capital account increase during the relevant year. The Assessing O...