ITAT Remands Case to CIT(A) for Reconsideration Due to Insufficient Opportunity Given to Assessee

Advertisement Real Food Agency Pvt Ltd Vs ITO (ITAT Indore) In the case of Real Food Agency Pvt Ltd Vs ITO (ITAT Indore), the Income Tax Appellate Tribunal (ITAT) addressed the appeal against the Commissioner of Income-Tax (Appeals) order for the Assessment Year 2014-15. The main issue was the penalty under Section 270A related to the loss declared under ‘Income from other sources,’ which the assessing officer had previously disallowed from being set off or carried forward. The ITAT noted procedural issues in the appellate process, where the assessee had not been adequately hear...