ITAT Upholds section 69A Addition for Non-Compliance & Non-Cooperation

Jitendra Amrutlal Patel Vs ITO (ITAT Ahmedabad) Income Tax Appellate Tribunal (ITAT) Ahmedabad has upheld the addition of ₹4.64 crore to the taxable income of Jitendra Amrutlal Patel under Section 69A of the Income Tax Act, 1961. The case involved high-value unexplained transactions in two bank accounts that were flagged during an investigation. The Assessing Officer (AO) initiated reassessment under Section 147, but the assessee failed to respond to repeated notices under Section 148. Due to continued non-cooperation, the AO proceeded with an ex-parte assessment, treating the unexplained am...