https://www.taxtmi.com/caselaws?id=430184 The Tribunal upheld the addition of Rs. 5,46,00,000 under sec. 68 of the Income Tax Act, 1961, confirming a total addition of Rs. 107,43,00,000 due to unexplained share capital and security premium. The appellant's appeal against the ex parte order by the Ld. CIT(A) was dismissed as the appellant failed to participate and provide evidence. The Tribunal emphasized the lack of cooperation and explanations from the assessee, leading to the confirmation of the addition and dismissal of the appeal. en-us Fri, 30 Sep 2022 00:00:00 +0530 Mon, 14 Nov 2022 09:01:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430184 The Tribunal upheld the addition of Rs. 5,46,00,000 under sec. 68 of the Income Tax Act, 1961, confirming a total addition of Rs. 107,43,00,000 due to unexplained share capital and security premium. The appellant's appeal against the ex parte order by the Ld. CIT(A) was dismissed as the appellant failed to participate and provide evidence. The Tribunal emphasized the lack of cooperation and explanations from the assessee, leading to the confirmation of the addition and dismissal of the appeal. Case-Laws Income Tax Fri, 30 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430184