Ex Parte Dismissal Set Aside -Section 50C Addition of ₹27.80 Cr in JDA Dispute Remanded for Re-Examination

South Kanara Agriculturists Co-operative Marketing Society Ltd. Vs ACIT (ITAT Bangalore) Ex Parte Dismissal Set Aside -Section 50C Addition of ₹27.80 Cr in JDA Dispute Remanded for Re-Examination Bangalore Bench of Tribunal in the case of South Kanara Agriculturists Co-operative Marketing Society Ltd. Vs. ACIT, Circle 1(1), Mangalore (ITA No.525/Bang/2025, A.Y. 2014-15) has held that an appeal cannot be dismissed for non-prosecution and CIT(A) is bound to adjudicate on merits. Tribunal restored the matter to AO for fresh examination of a Joint Development Agreement (JDA) involving huge capit...