Mumbai ITAT Remands Case Involving Rs 1.26 Cr Unsecured Loan Addition

Rajesh Babulal Shah Vs DCIT (ITAT Mumbai) Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has iantervened in the case of Rajesh Babulal Shah, setting aside orders from the National Faceless Appeal Centre (NFAC), Delhi, and remanding all three appeals back for fresh adjudication. The decision, pronounced on June 12, 2025, addresses significant delays in filing appeals and consequential penalty proceedings, emphasizing the judiciary’s role in preventing injustice on technical grounds. The appeals for Assessment Year 2018-19 originated from an ex-parte assessment order passed under Sect...