https://www.taxtmi.com/caselaws?id=421900 The Tribunal dismissed the appeal ex parte as the assessee did not appear for the hearing. The AO had validly reopened the assessment under section 147 based on information from a related case, adding Rs. 1,39,21,785 to the assessee's income from undisclosed sources due to bogus expenses. The Commissioner of Income Tax (Appeals) confirmed the addition but limited it to 25% of the total bogus purchase amount. Additionally, commission expenses of Rs. 2,78,435 were upheld as unexplained expenditure under Section 69C. The Tribunal found no reason to interfere with the decision and dismissed the appeal. en-us Wed, 27 Apr 2022 00:00:00 +0530 Wed, 04 May 2022 08:31:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421900 The Tribunal dismissed the appeal ex parte as the assessee did not appear for the hearing. The AO had validly reopened the assessment under section 147 based on information from a related case, adding Rs. 1,39,21,785 to the assessee's income from undisclosed sources due to bogus expenses. The Commissioner of Income Tax (Appeals) confirmed the addition but limited it to 25% of the total bogus purchase amount. Additionally, commission expenses of Rs. 2,78,435 were upheld as unexplained expenditure under Section 69C. The Tribunal found no reason to interfere with the decision and dismissed the appeal. Case-Laws Income Tax Wed, 27 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421900