Faceless Reassessment Amounting to Best Judgment Assessment Can Be Remitted by CIT(A)

ITO Vs Bharat Bhushan (ITAT Delhi) The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) dismissed the Revenue’s appeal and upheld the order of the Commissioner of Income Tax (Appeals) [CIT(A)] remanding the matter to the Assessing Officer (AO) for fresh adjudication. The dispute centred on whether the CIT(A) had the authority to set aside the reassessment order and refer the case back to the AO in circumstances where the reassessment had effectively assumed the character of a best judgment assessment. The assessee had not originally filed a return of income under Section 139(1) of...