Addition based on unjustified profit estimation & Lack of fair hearing vitiates CIT(A) Order

Sardar Imtiyaz Pasha Vs ITO (ITAT Bangalore) Addition based on unjustified profit estimation & Lack of fair hearing vitiates CIT(A) Order- ITAT remands case to AO for fresh consideration: ITAT Bangalore Assessee is an individual engaged in fish business & filed original return of income  declaring total income of Rs.8,19,530. It was found that assessee has deposited cash of Rs.5,59,00,000 in various bank accounts. As per information & enquiry it was found that assessee is in the business of trading of live fish. He purchases fishes in smaller quantity from fishermen & then tr...