ITAT Remands ₹38.04 Lakh Tax Addition as Legal Heir Was Not Given Effective Opportunity

Late Kiran Kumar Jain Vs ITO-1 (ITAT Indore) The Income Tax Appellate Tribunal (ITAT), Indore Bench, set aside the order of the CIT(A) and remanded the matter back to the Assessing Officer for fresh adjudication in a tax dispute involving Late Kiran Kumar Jain for Assessment Year 2013-14. The Tribunal granted the legal heir a final opportunity to cooperate in the proceedings and directed completion of the assessment within three months. The assessment had originally been completed under Sections 144 read with 254 of the Income Tax Act on 26.03.2023 determining total income at Rs. 38,04,500. Th...