ITAT Pune Remands Case for Fresh Adjudication on Commission Income Addition to Gross Receipt

Prakash Dipchand Kapadnis Vs ITO (ITAT Pune) In the case of Prakash Dipchand Kapadnis Vs. ITO (ITAT Pune), the assessee, an individual, did not file a return for the Assessment Year 2013-14. The Assessing Officer (AO) used Form No. 26AS, which revealed commission income of Rs. 24,89,121 received by the assessee. Since no response was received from the assessee to the notices issued under section 148, the AO conducted a best judgment assessment under section 144, adding the entire gross commission income of Rs. 24,89,121 to the taxable income. The assessee appealed the decision to the National ...