ITAT Remands Tax Addition for Ignoring Assessee’s Right to Be Heard

Ashok Kumar Goyal Vs DCIT (ITAT Agra) The case of Ashok Kumar Goyal vs. DCIT, decided by the Income Tax Appellate Tribunal (ITAT), Agra Bench, concerned an appeal filed by the assessee, Ashok Kumar Goyal, against an order of the Commissioner of Income-tax (Appeals) [CIT(A)], National Faceless Appeal Centre (NFAC), Delhi. Core Issue and CIT(A)’s Decision The underlying issue for the Assessment Year 2013-14 was the treatment of an addition of ₹1,23,10,312/-. The assessee had claimed this amount as a short-term capital gain, but the Assessing Officer, an addition confirmed by the CIT(A),...