ITAT Remands ₹4.10 Cr Commission Income Dispute for Fresh Assessment

Dandu Madhuvarma Vs ITO (ITAT Visakhapatnam) ITAT Visakhapatnam sends back ₹4.10 Cr Commission Income dispute for fresh examination – Rule 46A violation found Visakhapatnam ITAT has remanded a case involving alleged undisclosed commission income of over ₹4.10 crore back to AO after finding that the CIT(A) had accepted additional evidence without complying with Rule 46A. Assessee, an individual engaged in the business of trading & cultivating live fish prawns under the proprietorship concern Arunodaya Aqua, filed his return for AY 2022-23 declaring an income of ₹7.78 lakh. The case ...