Tribunal Condones Absence During Audit Rush, Orders Fresh Assessment

Aditya Saini Vs ITO (ITAT Jaipur) Short Notice Amid Audit Deadlines- Professional Busy with Tax Audits – Tribunal Condones Non-appearance & Remands Case for De Novo Assessment Assessee, engaged in online trading of ladies’ kurtis through platforms like Amazon, Flipkart & Meesho, filed return declaring income of ₹5,09,400 on turnover of ₹94.66 lakh. The case was selected for scrutiny due to high commission expenses & low profit ratio. AO made additions on account of alleged suppression of sales & commission discrepancies based on information collected u/s 133(6), which w...