₹33 Cr Bank Credits: ITAT Chandigarh Sets Aside Ex Parte Reassessment for Fresh Review

ITO Vs Balpreet Singh (ITAT Chandigarh) This appeal was filed by the Revenue against the order of the Commissioner of Income Tax (Appeals), NFAC, Delhi dated 27 June 2025 for Assessment Year 2016–17. The Revenue challenged the decision of the Commissioner (Appeals) which had set aside the assessment order and restored the matter to the file of the Assessing Officer without adjudicating the issues on merits. The assessee had filed the return of income for Assessment Year 2016–17 on 14 October 2016 declaring a total income of ₹1,73,360, which was processed under section 143(1)(a) of the In...