Non-Consideration of Grounds & Inadequate Hearing: ITAT Remands Case to CIT(A)

Hemantkumar Rajendrakumar Vs DCIT (ITAT Ahmedabad) The ITAT Ahmedabad heard an appeal by Hemantkumar Rajendrakumar against the order of the Commissioner of Income Tax (Appeals) [CIT(A)], National Faceless Appeal Centre (NFAC), concerning Assessment Year 2013-14. The appeal challenged the ₹76,07,650 addition made by the Assessing Officer (AO) under Section 69A of the Income-tax Act, 1961, as unexplained money linked to transactions in shares of M/s. Stampede Capital Ltd. The CIT(A) had dismissed the appeal due to the assessee’s non-appearance and non-submission of documents. The assessee ar...