No fair opportunity provided to assessee in explaining addition of 14.74 CR: ITAT restored matter to AO

Alok Dave Vs ITO (ITAT Delhi) In the matter abovementioned ITAT restored the matter to AO after observing that both the lower authorities have passed ex-parte order. Assessee filed return of Income at Rs. 3,33,950/- after claiming deductions under chapter – VIA and exempt income. Case was selected for scrutiny. When no compliance was made against the notices issued then AO assessed the total income of the assessee at Rs. 147,41,32,603/-.  CIT (A) upheld additions made by AO. Before ITAT it was submitted by assessee that both the lower authorities have erred in deciding the appeal ex-parte. ...