Ex-parte without adequate hearing opportunity: ITAT remands matter back to CIT(A)

Sangitaben Chetankumar Doshi Vs ITO (ITAT Ahmedabad) Explore the ITAT Ahmedabad ruling in Sangitaben Doshi vs. ITO case. The order discusses the disallowance of LTCG on Kappac Pharma shares based on conjectures. At the outset, the counsel for the assessee submitted that inadequate opportunity of hearing was provided by the Ld. CIT(Appeals) in appeal proceedings and the assessee was not granted an opportunity of presenting his case on merits and the order was passed on ex-parte basis without allowing assessee to present his case. The counsel for the assessee argued that there is no specific inf...