Income Tax Tribunal Resets Ex-Parte Dismissal, Ensures Fair Hearing

Venkatesh Srinivas Vs ITO (ITAT Bangalore) Documents Filed Before AO Ignored—Tribunal Orders De-Novo Hearing- Ex-Parte NFAC Order Set Aside – Assessee Gets Fresh Chance on ₹3.10 Cr 54F Claim Assessee appealed against CIT(A)/NFAC order dated 20.03.2024 which dismissed the appeal ex parte. The matter related to disallowance of exemption u/s 54F where AO restricted claim to Rs.40,00,000/- as against Assessee’s claim of Rs.3,50,58,569/-, resulting in addition of Rs.3,10,58,569/-. Assessee explained delayed filing of the present appeal (delay of 267 days) through a detailed affidavit. ...