ITAT Panaji Sets Aside NFAC Order Over for Video Hearing without justification

Ganga Suresh Rathod Vs ITO (ITAT Panaji)

Income Tax Appellate Tribunal (ITAT) Panaji set aside the National Faceless Appeal Centre (NFAC) order in the case of Ganga Suresh Rathod vs. ITO. The appellant had filed her income tax return for the assessment year 2015-16, reporting a total income of ₹8,97,453. However, based on information from the Director General of Income Tax (Investigation), her case was reopened under Section 148, suspecting tax evasion. The Assessing Officer (AO) found that she had earned ₹8,29,400 as long-term capital gains (LTCG) from speculative transactions

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