Repeated Non-Appearance Not Fatal Where Justice Demands Reconsideration: ITAT Mumbai

Paras Multiplex LLP Vs ITO (ITAT Mumbai) The appeal before the Income Tax Appellate Tribunal, Mumbai arose from an ex-parte order passed by the Commissioner of Income Tax (Appeals), NFAC, for Assessment Year 2011–12. The assessee had originally filed a return declaring nominal income, which was accepted under section 143(3). Subsequently, the assessment was reopened under section 147, and contractual expenses amounting to ₹64.12 lakh were disallowed under section 69C, resulting in a substantially enhanced assessed income. Before the CIT(A), multiple notices were issued, and several adjourn...