https://www.taxtmi.com/caselaws?id=424928 The Appellate Tribunal upheld the Assessing Officer's treatment of Rs. 3,00,000 as unexplained investment under section 68 of the Income Tax Act and disallowance of Rs. 5,00,000 in expenditures due to lack of documentation. The Principal Commissioner's revision under section 263 was challenged by the appellant, who failed to appear before the Tribunal, leading to the dismissal of the appeal on 28th June, 2022. The Tribunal found the appellant's non-compliance indicated a lack of willingness to pursue the case, affirming the Principal Commissioner's order. en-us Tue, 28 Jun 2022 00:00:00 +0530 Tue, 12 Jul 2022 09:14:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424928 The Appellate Tribunal upheld the Assessing Officer's treatment of Rs. 3,00,000 as unexplained investment under section 68 of the Income Tax Act and disallowance of Rs. 5,00,000 in expenditures due to lack of documentation. The Principal Commissioner's revision under section 263 was challenged by the appellant, who failed to appear before the Tribunal, leading to the dismissal of the appeal on 28th June, 2022. The Tribunal found the appellant's non-compliance indicated a lack of willingness to pursue the case, affirming the Principal Commissioner's order. Case-Laws Income Tax Tue, 28 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424928