ITAT Ahmedabad Sets Aside Ex-Parte Order on Unexplained Cash Deposits, Remands for Fresh Review

Akash Nareshbhai Panchal Vs ITO (ITAT Ahmedabad) Income Tax Appellate Tribunal (ITAT) Ahmedabad has remanded the appeal of Akash Nareshbhai Panchal against the ex-parte order passed by the Commissioner of Income Tax (Appeals) [CIT(A)], National Faceless Appeal Centre (NFAC), for Assessment Year 2017-18. The appeal challenged the dismissal of Panchal’s case without a hearing, as well as the addition of ₹7.88 crore as unexplained money under Sections 68 and 69A of the Income Tax Act, 1961. The appellant contended that he was unable to respond to the notices issued by CIT(A) because they were...