Ex-Parte Dismissal Set Aside: ITAT Kolkata Restores Appeal on Rs. 96.44 Lakh JDA Capital Gain Issue

Kaushalya Devi Vs ITO (ITAT Kolkata) Kolkata ITAT Remands Capital Gains Tax Dispute for Fresh Hearing The Income Tax Appellate Tribunal (ITAT) Kolkata Bench has set aside an ex-parte order issued by the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC), Delhi, in the case of Kaushalya Devi Vs ITO. The Tribunal has remitted the matter back to the CIT(A) for a fresh adjudication, emphasizing the principle of natural justice and providing the assessee another opportunity to present her case. Background of the Case: Undeclared Capital Gains The dispute pertains to the As...