Assessee failed to provide adequate evidence: ITAT Remands Case for Fresh Examination  

Ashok Ghelabhai Patel Vs ITO (ITAT Mumbai) In the case of Ashok Ghelabhai Patel vs. ITO, the assessee appealed against an order issued by the Ld. CIT(A)-NFAC, Delhi, concerning the Assessment Year 2018-19. The appeal primarily arose from a disputed demand of ₹94,54,898, following an assessment that significantly increased the reported income. The initial return filed by the assessee indicated an income of ₹9,14,570, but upon scrutiny, the Assessing Officer (AO) noted substantial discrepancies, particularly concerning reported commission receipts totaling ₹1,85,43,071 and salary expenses ...