Non-Speaking Ex-Parte Order Set Aside: NFAC Failed to Apply Section 251(1) in 144 Assessment Appeal

Jyoti Multipurpose Souharda Sangh Niyamit Vs ITO (ITAT Panaji) NFAC Ignored New s.251 Mandate— Best-Judgment Assessment Must Be Remanded- ITAT Panaji Sends 144 Assessment Back for De-Novo Redo Assessee, a multipurpose co-operative society, filed return declaring NIL income. Scrutiny assessment was completed ex-parte u/s 144 on 20.03.2024 assessing total income at Rs.1,54,93,137/-. Aggrieved, Assessee appealed to NFAC. CIT(A)/NFAC issued three notices dated 12.08.2024, 11.02.2025 & 19.02.2025 through the ITBA portal, but due to non-appearance & non-compliance, NFAC dismissed the appe...