ITAT Protects Assessee’s Rights: ₹2.19 Cr Addition Reassessed

Raman Mayavan Vs ITO (ITAT Chennai)

Confirmations Filed but Not Considered—ITAT Chennai Remands ₹2.19 Cr 68 Addition- Assessment Concluded Before Assessee Could Furnish Proof— Rule 46A Evidence Ignored by CIT(A)—Fresh Opportunity Ordered

Chennai Tribunal considered additions u/s 68 aggregating to ₹3,02,65,000 relating to unsecured loan of ₹83,00,000 & advances/creditors of ₹2,19,65,000. Assessee had sought two days’ time during assessment to furnish remaining confirmations, but AO conclud

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