Appeal dismissed for unexplained income from property sale, undisclosed transactions, and lack of evidence.

The appellant's appeal challenging additions to their income was dismissed by the Tribunal. The additions included unexplained income from the sale of immovable property, undisclosed share transactions, and commission income. The appellant's failure to provide supporting details or evidence, lack of cooperation, and non-compliance with authorities led to the confirmation of the additions by the CIT(A). The Tribunal emphasized the importance of providing evidence and dismissed the appeal due to the appellant's consistent non-compliance, upholding the CIT(A)'s decision.

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Issues:
1. Addition of Rs. 95,50,000/- on sale proceeds of immovable property.
2. Addition of Rs. 5,50,000/- on purchase and sale of shares.
3. Addition of Rs. 9,96,412/- on commission income.

Analysis:
1. The appeal challenged the addition of Rs. 95,50,000/- to the assessee's income from the sale of immovable property. The assessing authority had added the entire sale proceeds without considering the cost of the property sold. The appellant argued that the addition was against natural justice and should be deleted. However, as the appellant failed to provide supporting details or documents despite multiple opportunities, the CIT(A) confirmed the addition as unexplained income from undisclosed sources.

2. Regarding the addition of Rs. 5,50,000/- on account of undisclosed share transactions, the appellant did not present any evidence to justify the amount. The CIT(A) restricted the addition to Rs. 5,00,000/- as the assessing officer's addition was deemed arbitrary. The appellant's lack of cooperation and failure to provide necessary information led to the confirmation of the addition by the CIT(A).

3. The third issue pertained to the addition of Rs. 9,96,412/- as commission income without allowing any expenses. The appellant did not submit any facts or evidence to support their case, despite being given multiple opportunities. The CIT(A) upheld the assessing officer's decision due to the appellant's non-compliance and lack of cooperation. The appellant's request to assess income under a specific section was rejected as they had not filed any returns as required by law.

4. The appellant's repeated failure to appear before the authorities, lack of cooperation, and non-submission of required documents resulted in the dismissal of the appeal. The Tribunal found the appellant's behavior indicative of not taking the case seriously. Citing a previous judgment, the Tribunal confirmed the CIT(A)'s decision, emphasizing the importance of providing evidence to support one's case. The lack of assistance from the appellant led to the confirmation of the additions made by the assessing officer.

5. Ultimately, due to the appellant's consistent non-compliance, lack of cooperation, and failure to provide necessary evidence or submissions, the Tribunal dismissed the appeal, upholding the CIT(A)'s decision. The judgment was pronounced on 19-02-2020 in an open court session.

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