Fresh Hearing Granted After Ex-Parte NFAC Order Ignored Filed Documents

Vinayaka Projects Vs ITO (ITAT Bangalore) Opted for Postal, Got Only Email: ITAT Sets Aside Ex-Parte NFAC Order- Documents Already on Record—Assessee Gets Fresh Chance Before CIT(A) Assessee appealed against CIT(A)/NFAC order dated 20.05.2025 which dismissed the appeal ex parte. Assessment was reopened u/s 147 & completed u/s 147 r.w.s. 144/144B making an addition of Rs.2,75,00,000/- towards unexplained investment in purchase of immovable property. Assessee contended that the source of investment was sale proceeds from development of site & had filed Form 26AS, bank statements & ...