https://www.taxtmi.com/caselaws?id=362283 The Tribunal dismissed the appeal due to the ex-parte disposal as the assessee failed to appear, showing a lack of diligence. The addition of profit from the sale of flats in a housing project was upheld, as discrepancies were found in the details provided by the assessee, and evidence from the housing society and flat purchasers supported the addition. The inclusion of loans and advances in the profit was confirmed by the Commissioner (Appeals) and the Assessing Officer. The Tribunal's decision was pronounced on 20.06.2018. en-us Wed, 20 Jun 2018 00:00:00 +0530 Fri, 22 Jun 2018 09:01:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362283 The Tribunal dismissed the appeal due to the ex-parte disposal as the assessee failed to appear, showing a lack of diligence. The addition of profit from the sale of flats in a housing project was upheld, as discrepancies were found in the details provided by the assessee, and evidence from the housing society and flat purchasers supported the addition. The inclusion of loans and advances in the profit was confirmed by the Commissioner (Appeals) and the Assessing Officer. The Tribunal's decision was pronounced on 20.06.2018. Case-Laws Income Tax Wed, 20 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362283