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Tribunal Condones Absence During Audit Rush, Orders Fresh Assessment
Case Law Details
- Case Name
- Aditya Saini Vs ITO (ITAT Jaipur)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2020-21
- Courts
- All ITAT, ITAT Jaipur
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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/...
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