ITAT Orders Denovo Adjudication on Assessee-Tax Consultant Miscommunication

Mohanlal S. Gachi Vs ITO (ITAT Mumbai) Introduction: In a case presented before the Income Tax Appellate Tribunal (ITAT) in Mumbai, Mohanlal S. Gachi faced a challenge stemming from communication discrepancies between himself and his tax consultant. The heart of the matter revolved around a non-reply to a notice from the Commissioner of Income Tax (Appeals) due to this miscommunication. Analysis: The issue began when Mohanlal S. Gachi’s account displayed a cash deposit of Rs.12,81,952/-. While this was explained as income from jewellery-making labour charges, an addition of Rs.2,86,737/-...