ITAT Remands Case to CIT(A) for Fresh Hearing, Imposes Rs. 2,000 Cost on Assessee

Naeemakhtar Faniband Vs ITO (ITAT Panaji) The Income Tax Appellate Tribunal (ITAT) in Panaji addressed an appeal filed by Naeemakhtar Faniband against an order issued by the National Faceless Appeal Centre (NFAC)/Commissioner of Income Tax (Appeals) [CIT(A)]. The dispute arose from additions made by the Assessing Officer (AO) under Sections 69A, 56(2)(vii)(b), and 69 of the Income Tax Act, 1961, due to unexplained property purchases and bank deposits. The AO had proceeded under Section 147 read with Section 144 of the Act, as the assessee failed to file an income return and did not respond to ...