NFAC Can’t Dismiss Appeal for Non-Appearance Without Merits Adjudication: ITAT Pune

Ashok Hirachand Shah Vs Assessing Officer (ITAT Pune) NFAC Can’t Dismiss Appeal for Non-Appearance Without Merits Adjudication: ITAT Pune Restores ₹1.49 Cr 69A Addition Case Pune  ITAT, set aside the order of the CIT(A), NFAC, Delhi, and restored the matter for fresh adjudication on merits. The case arose from a reassessment u/s 147 where the AO made additions aggregating to ₹1.51 crore, including ₹1.49 crore u/s 69A towards alleged unexplained cash deposits in multiple bank accounts, ₹71,048 as estimated business income by applying 2% NP on current-account transactions, and ₹1.54...