NFAC Ignored Uploaded Evidence- Natural Justice Violated- ITAT Restores Appeal

Credulity Solutions Pvt. Ltd Vs ITO (ITAT Delhi) Assessee filed return declaring income of ₹76.81 lakhs. Case was selected for verification of large contract payments to non-filers. AO issued multiple notices but, alleging non-compliance, completed assessment on 21.12.2022 making additions of ₹2.89 crores, ₹3.75 lakhs, ₹1.14 crores & ₹4.79 lakhs. CIT(A)/NFAC dismissed appeal on 09.01.2024 stating that “no details were uploaded”. Before Tribunal, Assessee argued that this observation was factually wrong since all supporting documents, including proof of payments to Futuretimes...