ITAT Mumbai: Non-appearance Justified, Assessment Order Quashed

Ghanshyam Sagarmal Modi Vs ACIT (ITAT Mumbai) Introduction: In the recent case of Ghanshyam Sagarmal Modi vs. ACIT, the Income Tax Appellate Tribunal (ITAT) Mumbai ruled in favor of the assessee, highlighting the justified non-appearance and quashing the assessment order made by the Assessing Officer (AO). The appeal was filed against the decision of the National Faceless Appeal Centre (NFAC) Delhi/CIT(A) under sections 143(3) and 250 of the Income Tax Act. Detailed Analysis: The individual assessee, Ghanshyam Sagarmal Modi, filed an appeal against the order of the NFAC Delhi/CIT(A). The groun...