ITAT Ahmedabad Dismisses Appeal Due to Assessee’s Non-Appearance

Somnath Kelavni Mandal Vs ITO (ITAT Ahmedabad) The Income Tax Appellate Tribunal (ITAT) Ahmedabad dismissed the appeal filed by Somnath Kelavni Mandal against the order of the Commissioner of Income Tax (Appeals) [CIT(A)], National Faceless Appeal Centre, Delhi. The case involved an ex-parte assessment order under Section 144 of the Income Tax Act, 1961, for the assessment year 2016-17. The trust, which manages educational institutions, had deposited ₹51,17,000 in demonetized currency during the financial year, which the Assessing Officer (AO) classified as unexplained money under Section 69...