Ignoring Form 35 Notice delivery Preferences Violates Natural Justice

Shahnawaz Mustakkhan Pathan Vs ITO (ITAT Ahmedabad) Email Notices Ignoring Assessee’s Option- Ex-Parte Dismissal Set Aside – Tribunal Orders Fresh Hearing Assesee filed return of income for AY 2012-13 declaring ₹13,160. During assessment, AO noted that Assessee had undertaken transactions worth ₹75.97 crore on the Multi Commodity Exchange. As Assessee failed to properly explain or produce supporting records, AO estimated profit @0.5% of turnover & made addition of ₹37,98,608/- to total income. On appeal, CIT(A) dismissed the case ex-parte, observing that Assessee did not comply w...