8% Estimated Income Remanded: NFAC Ignored Co-Terminous Powers Mandate

Gurusukh Vintrade Services Private Limited Vs DCIT (ITAT Raipur)

Non-Speaking NFAC Order Set Aside-  CIT(A)/NFAC’s Co-terminous Powers Ignored – Appellate Authority Failed to Make Independent Inquiry-  ITAT Raipur Sends Back Case for Fresh Adjudication

Assessee, engaged in hotel business, had reported turnover of ₹1.10 crore as per GSTR-1. Based on TDS data in Form 26AS showing receipts u/s 194C &  194I(b), AO determined total receipts at ₹1.89 crore. As no return was filed either u/s 139(1) or in response to notice u/s 148,

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