ITAT Ahmedabad Remands Case for Property Value Reassessment to CIT(A)

Sohil Patel Vs ITO (ITAT Ahmedabad) In the case of Sohil Patel Vs. ITO before the ITAT Ahmedabad, the assessee filed an appeal against the order dated February 8, 2024, passed by the Ld. Commissioner of Income Tax (Appeals) (NFAC) for the assessment year 2010-11. The core issue involved the addition of Rs. 51,76,670 made by the tax authorities, citing unexplained investment in an immovable property. The assessee challenged the addition, arguing that there was non-compliance with notices due to genuine reasons. The appellant, who resided in a rural area, was illiterate and not familiar with com...