Misrepresentation on Email Communication—Ex-Parte CIT(A) Order Set Aside with ₹10,000 Cost

IEC Projects Limited Vs DCIT (ITAT Ahmedabad) Misrepresentation on Email Communication—Ex-Parte CIT(A) Order Set Aside with ₹10,000 Cost; One Final Opportunity Granted IEC Projects Ltd filed an appeal against the NFAC order dated 04.03.2025 sustaining additions made in assessment u/s 143(3) r.w.s.144B. The AO had treated ₹3,74,50,000 invested in 10,07,000 shares of Corrtech International Pvt. Ltd. as unexplained investment u/s 69, and had also estimated contractual receipts of ₹27.53 crore, applying an 8% profit rate and computing ₹2,20,25,870 as income. This estimated addition was t...