Summary
- The Mumbai ITAT has remanded a ₹2.22 crore property addition under Section 69 for fresh verification, emphasizing the need for the assessee's explanation and supporting documents.
- The Tribunal noted that both the assessment and appellate orders were made ex parte, denying the assessee an effective opportunity to present evidence.
- Additionally, the Tribunal admitted a ground regarding TDS credit of ₹17,78,988, directing verification before granting any credit.
- This ruling underscores the importance of thorough examination in ex parte proceedings and allows the assessee to challenge prior additions with proper documentation.
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