Ex-Parte Order Set Aside: ITAT Remands Surrendered Income addition Case

Karam Chand Sweets Vs DCIT (ITAT Chandigarh) The Income Tax Appellate Tribunal (ITAT) Chandigarh recently allowed an appeal filed by Karam Chand Sweets, setting aside an ex-parte order passed by the Commissioner of Income Tax (Appeals) (CIT(A)). The assessee, a sweet shop owner, had filed their income tax return for the assessment year 2019-20, declaring a total income of Rs. 29,82,510. A survey under Section 133A of the Income Tax Act was conducted at their business premises, during which the assessee surrendered Rs. 21,00,000 as additional income, corresponding to Rs. 27,18,500 by virtue of ...