ITAT Faults CIT(A) for Ignoring Proof Against 69A ‘Unaccounted Sales’ Charge

Ador Welding Limited Vs DCIT (ITAT Mumbai) ITAT Mumbai Remands 69A ‘Unaccounted Sales’ Addition; AO Changed Allegation Without Fresh SCN & CIT(A) Failed to Examine Evidence Assessee appealed against the sustenance of an addition of ₹2,79,87,351 made as unexplained money u/s 69A, based on alleged unaccounted sales to four parties-Heavy Vehicles Factory, Commanding Officer (Air Force Station), Sri Satya Agencies, & Shreenath Agencies. ITAT noted that AO issued an SCN alleging bogus expenses to these parties, but in the final order completely shifted the allegation, treating the sam...