Vasudev Yashwant Abhyankar Vs. ITO, Ward-4, Panvel

Parties Involved

Facts Summary

The assessee, Vasudev Yashwant Abhyankar, is an individual engaged in the business of real estate agent and reseller of firewood. He filed his return of income on 21.11.2015 declaring a total income of Rs.11,50,400/-. The Assessing Officer completed the assessment under section 143(3) of the Income Tax Act, 1961 on 28.08.2017, determining the total income at Rs.82,28,430/- with additions of Rs.21,30,000/- under section 56(2)(vii)(b), Rs.49,45,000/- under section 43CA, and Rs.3,027/- being interest on savings bank account. The assessee did not respond to the notice issued by the Commissioner of Income Tax (Appeals) / National Faceless Appeal Centre (CIT(A) / NFAC), leading to the dismissal of the appeal for want of prosecution.…

Legal Issues

• 1. Whether the CIT(A) / NFAC followed due procedure in passing the ex-parte order dismissing the appeal for want of prosecution?

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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