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Case Law Details

Case Name : Alankar Real Estates Pvt. Ltd. Vs DCIT (ITAT Nagpur)
Related Assessment Year : 2018-19
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Alankar Real Estates Pvt. Ltd. Vs DCIT (ITAT Nagpur) CIT(A) Erred in Dismissing Appeal & Adjudicating Merits Without Opportunity – Ex-Parte Loan Addition Sent Back for Fresh Hearing Assessee filed appeal against order of CIT(A)/NFAC dated 16.04.2025 which had upheld ex-parte assessment framed u/s 144. AO had made addition on account of unsecured loan treating it as unexplained.  Assessee contended that loan had been fully repaid in subsequent year & lender company continued to hold active status as per MCA records. However, both AO & CIT(A) proceeded ex-parte due to repeated...
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CA Vijayakumar Shetty qualified in 1994 and in practice since then. Founding partner of Shetty & Co. He is a graduate from St Aloysius College, Mangalore . View Full Profile

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