Case Law Details
Case Name : Saiganapath Hotel Pvt. Ltd. Vs ITO (ITAT Bangalore)
Related Assessment Year : 2012-13
Courts :
All ITAT ITAT Bangalore
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Saiganapath Hotel Pvt. Ltd. Vs ITO (ITAT Bangalore)
The Income Tax Appellate Tribunal (ITAT) Bangalore has remitted the appeal filed by Saiganapath Hotel Pvt. Ltd. for the assessment year (AY) 2012-13 back to the Commissioner of Income Tax (Appeals) [CIT(A)] for reconsideration. The appeal stemmed from the assessee’s failure to respond to multiple notices issued by the CIT(A), which led to an ex-parte order confirming the additions made by the Assessing Officer (AO). The AO had reassessed the company’s income, specifically due to a significant cash deposit of Rs. 2,55,78,317/-
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