ITAT Sets Aside Assessment for Denovo Consideration; Imposes Rs. 20,000 Cost for Non-Compliance

Gautham Kempanna Vs ITO (ITAT Bangalore) Income Tax Appellate Tribunal (ITAT) Bangalore Bench has condoned a 139-day delay in an appeal filed by assessee Gautham Kempanna, setting aside an ex-parte appellate order from the National Faceless Appeal Centre (NFAC), Delhi. The Tribunal has remanded the case back to the Assessing Officer (AO) for a fresh assessment, but with a specific condition: the assessee must pay a cost of Rs. 20,000 to the Prime Minister’s National Relief Fund. The appeal pertained to the Assessment Year 2018-19, challenging the NFAC order dated August 20, 2024. The assesse...