Non-Appearance before CIT (A) due to mismanagement of state of affairs: ITAT remanded matter with cost

ACME Housing India Private Ltd. Vs ACIT (ITAT Mumbai) In the matter abovementioned ITAT remanded back the matter to CIT (A) after observing that assessee was not able to attend the hearing before CIT (A) due to mismanagement of its state of affair. Assessee is engaged in the business of real estate and filed its return at Nil. AO observed that assessee had claimed depreciation on goodwill amounting to Rs. 40,24,09,376/- for which assessee had debited Rs. 70,02,958/- on account of interest on delayed payment of TDS under the head “Miscellaneous Expenses” grouped in any other expenses. Asses...