Assessee Unaware of New Faceless System; Case Restored for Fresh Assessment by ITAT

Royal Bombay Yacht Club Vs ITO (ITAT Mumbai) Introduction: The case of Royal Bombay Yacht Club vs. ITO was brought before the Income Tax Appellate Tribunal (ITAT) Mumbai, addressing the issue of an appeal filed by the assessee against an order passed by the National Faceless Appeal Centre (NFAC), Delhi. The case involves the assessment for the assessment year 2017-18 and focuses on the applicability of the faceless assessment system, as well as various additions and disallowances made by the authorities. Analysis: The appeal filed by the Royal Bombay Yacht Club challenges the assessment order ...