https://www.taxtmi.com/caselaws?id=442625 The department's appeal, delayed by three days, was condoned and adjudicated. The Tribunal proceeded ex parte due to the absence of the assessee, who was undergoing Corporate Insolvency Resolution Process. The addition of undisclosed income under section 68 was upheld, while the deletion of bogus purchases addition was set aside. Disallowance under section 14A was deleted as no exempt income was earned. The assessee's appeal was dismissed, and the revenue's appeal was partly allowed, with the order pronounced on 20th June 2023. en-us Tue, 20 Jun 2023 00:00:00 +0530 Wed, 06 Sep 2023 15:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442625 The department's appeal, delayed by three days, was condoned and adjudicated. The Tribunal proceeded ex parte due to the absence of the assessee, who was undergoing Corporate Insolvency Resolution Process. The addition of undisclosed income under section 68 was upheld, while the deletion of bogus purchases addition was set aside. Disallowance under section 14A was deleted as no exempt income was earned. The assessee's appeal was dismissed, and the revenue's appeal was partly allowed, with the order pronounced on 20th June 2023. Case-Laws Income Tax Tue, 20 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442625