Appeal allowed for non-operational company's undisclosed income assessment.

The appeal was filed against the order of the Ld. CIT(A)-XIX, New Delhi for AY 2006-07, involving an addition of Rs.30,00,000/- as undisclosed income for an assessee company not yet operational. The appeal was decided ex-parte due to non-appearance, but the ITAT Delhi restored the case to the Ld. CIT(A) for a fair hearing, considering the reasons for non-appearance and lack of adjournment acceptance. The assessee's appeal was allowed for statistical purposes, with directions to cooperate in the proceedings. The judgment was pronounced on 24.01.2013.

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Issues involved: Appeal against order of Ld. CIT(A)-XIX, New Delhi for AY 2006-07 due to addition of undisclosed income and ex-parte decision.

Summary:
The appeal was filed by the assessee against the order of the Ld. CIT(A)-XIX, New Delhi for AY 2006-07, where the assessee company, incorporated in 2003 but not yet operational, had an addition of Rs.30,00,000/- as undisclosed income due to discrepancies in financial records. The appeal was decided ex-parte as there was a failure to appear on the scheduled hearing date. The assessee submitted affidavits stating the reasons for non-appearance, requesting a restoration of the case for a fair hearing. The ITAT Delhi considered the submissions, noting the failure to accept adjournment requests, and decided to restore the case back to the Ld. CIT(A) for providing another opportunity for a hearing. The assessee was directed to cooperate in the proceedings. Consequently, the appeal of the assessee was allowed for statistical purposes.

The judgment was pronounced in the Open Court on 24.01.2013.

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