Addition of Entire Bank Credits: ITAT Allows Fresh Hearing Due to Violation of Natural Justice

Dharmeshkumar Ishwarbhai Patel Vs ITO (ITAT Ahmedabad) In Dharmeshkumar Ishwarbhai Patel Vs ITO, the appeal was filed against an ex-parte order passed by the Commissioner of Income Tax (Appeals), NFAC, arising from a best judgment assessment under Section 144 for Assessment Year 2017–18. The assessee had not filed a return of income but had deposited ₹49.23 lakh in a bank account, including ₹16.13 lakh during the demonetization period. Due to non-response to notices issued under Section 142(1), the Assessing Officer completed the assessment ex-parte and made additions of ₹1.61 crore tr...