https://www.taxtmi.com/caselaws?id=464847 ITAT set aside the CIT(A) order and restored the matter to the file of the AO, holding that the ex-parte assessment u/s 144 required one final opportunity to produce evidence. The assessee must submit documentary proof on the nature of bank deposits and fund transfers, proof of income declared under PMGKY, and business transaction documents. AO is directed to verify the PMGKY declaration to prevent double taxation and to examine whether additions u/s 69A overlap with business income estimated at 8%. If the assessee fails to comply, AO may finalize assessment on available material. en-us Wed, 19 Mar 2025 00:00:00 +0530 Tue, 18 Nov 2025 18:57:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464847 ITAT set aside the CIT(A) order and restored the matter to the file of the AO, holding that the ex-parte assessment u/s 144 required one final opportunity to produce evidence. The assessee must submit documentary proof on the nature of bank deposits and fund transfers, proof of income declared under PMGKY, and business transaction documents. AO is directed to verify the PMGKY declaration to prevent double taxation and to examine whether additions u/s 69A overlap with business income estimated at 8%. If the assessee fails to comply, AO may finalize assessment on available material. Case-Laws Income Tax Wed, 19 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464847