Unexplained Capital Addition Sent Back Due to Procedural Lapse in Appeal

A S Housing Company Vs DCIT (ITAT Raipur) CIT(A) Cannot Dismiss Appeal for Non-Prosecution: ITAT Raipur Restores Section 68 Addition on Partners’ Capital for Fresh Adjudication The Raipur Bench of the ITAT allowed the assessee-firm’s appeal for AY 2018-19 for statistical purposes, holding that the CIT(A) acted contrary to law in dismissing the appeal ex-parte for non-prosecution, without adjudicating the issues on merits, in violation of section 250(6) of the Income-tax Act. The assessee, a builder-developer partnership firm, faced an addition of ₹3.39 crore under section 68 read with se...