Rs. 2.52 Cr Addition Set Aside – Ex-Parte Assessment Restored Due to Communication Failure & Lack of Opportunity

Rishiraj Radheshyam Gupta Vs DCIT (ITAT Mumbai) Mumbai ITAT set aside an ex-parte assessment involving ₹2.52 crore addition for alleged unexplained property investment, holding that the assessee was denied effective opportunity due to communication and procedural lapses. The Tribunal observed: Assessment was completed u/s 144 ex-parte due to non-compliance Notices were sent to old address and email IDs not under assessee’s control The assessee, a senior citizen, was dependent on his CA and unaware of proceedings CIT(A) also passed order without proper consideration of facts and evidence ...