Ex-parte Assessment Diluted: ITAT Indore Upholds CIT(A)’s Relief in Kriti Nutrients Case

ACIT Vs Kriti Nutrients Ltd. (ITAT Indore) Ex-parte Assessment Diluted: ITAT Indore Upholds CIT(A)’s Relief in Kriti Nutrients Case The Indore Bench of the ITAT dismissed the Revenue’s appeal and affirmed the CIT(A)’s order granting substantial relief to the assessee for AY 2021-22. The Tribunal held that the AO’s ex-parte assessment under section 144—marked by rejection of books, GP estimation, ad-hoc disallowances, and treating trade payables as unexplained—was unsustainable on facts and law. Key findings: Book results could not be rejected mechanically: The assessee, a listed c...