ITAT Grants Opportunity to Contest Turnover-Based Estimation Due to Natural Justice Principles

Ramesh P. Mehta HUF Vs ITO (ITAT Surat) Income Tax Appellate Tribunal (ITAT) Surat has ruled on a set of four appeals filed by Ramesh P. Mehta HUF against the orders of the National Faceless Appeal Centre (NFAC) and the Commissioner of Income Tax (Appeals) [CIT(A)]. The appeals pertain to assessment years 2011-12 to 2014-15, with the primary dispute centered on the reassessment under Section 147 of the Income Tax Act, 1961. The assessee challenged the additions made by the Assessing Officer (AO) on unexplained credits in the bank account and the ex parte order passed by CIT(A) without granting...