Ex-Parte Income Tax Order: ITAT Allows Fresh Assessment of Book Seller

Gulshan Lal Vs ITO (ITAT Delhi) ITAT Delhi Remands Ex-Parte Assessment in Gulshan Lal Case – Additions of Unexplained Investment & Creditors to be Re-Examined Delhi Tribunal dealt with an appeal challenging additions sustained by CIT(A) where both the AO & CIT(A) had completed proceedings ex parte. Assessee, a book seller, filed return declaring income of ₹8.90 lakh. The case was selected for limited scrutiny to verify two issues – (i) sundry creditors of ₹3.70 crore & (ii) investment of ₹1.52 crore in immovable property. During assessment,  assessee failed to respond to...