Tribunal Rebukes CIT(A) for Non-Speaking Ex Parte Dismissal – Case Remanded

Anmol Medicare Limited Vs ACIT (ITAT Ahmedabad) Assessee filed return on 31.10.2015 declaring income of ₹13,86,590/-, processed u/s 143(1). Later, case was reopened u/s 147 based on information from DCIT (Central Circle) that Assessee had received accommodation entries from entities linked to Shri Mahendra Shantilal Patel, searched u/s 132. Reassessment u/s 143(3) r.w.s. 147 was completed on 16.12.2019 determining total income of ₹23,62,660/-, making following additions/disallowances: Disallowance u/s 43B – ₹97,481, Disallowance of interest on late payment of TDS – ₹51,587, Disallo...