Non-Speaking NFAC Order Set Aside: Raipur ITAT Remands Section 68 Addition & Ad-Hoc Expense Disallowance

Tikamchand Sahu Vs ITO (ITAT Raipur) Non-Speaking NFAC Order Set Aside: Raipur ITAT Remands Section 68 Addition & Ad-Hoc Expense Disallowance In this appeal involving additions u/s 68 & ad-hoc disallowances, the Raipur ITAT noted that the Assessee repeatedly sought adjournments but remained absent despite multiple opportunities. Following the Supreme Court’s ruling in Ishwarlal Mali Rathod on avoiding routine adjournments, the Tribunal proceeded ex-parte & heard the Sr. DR. Assessee had argued that jurisdiction lay with Odisha, but Departmental records showed that during the asse...