Dhiral Ramesh Sangoi vs. Income Tax Officer, Ward – 19(1)(4), Mumbai

Parties Involved

Facts Summary

The assessee, Dhiral Ramesh Sangoi, filed an appeal against the order of the Commissioner of Income Tax (Appeals) dated 12/03/2024 pertaining to the Assessment Year 2016-17. The assessee's grievances included the dismissal of the appeal ex-parte by the CIT(A) for alleged noncompliance to appeal notices, despite the assessee's lack of awareness of the notices. The assessee also contested the dismissal of the appeal without deciding on the merits and the addition of Rs.13,91,618/- as estimated income from derivative trading transactions. The assessee did not appear before the tribunal despite notice, leading to a decision being made ex-parte.…

Legal Issues

• 1. Dismissal of the appeal ex-parte by the CIT(A) for alleged noncompliance to appeal notices.
• 2. Dismissal of the appeal without deciding on the merits.
• 3. Addition of Rs.13,91,618/- as estimated income from derivative trading transactions.

Judgment Outcome

Decided in favour of Assessee.

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