https://www.taxtmi.com/caselaws?id=764326 The ITAT Ahmedabad dismissed the assessee's appeal against addition under section 68 regarding sale consideration from share transactions alleged to be accommodation entries disguised as Long Term Capital Gain. Despite ten hearings, the assessee failed to appear or provide authorization for representation, filing only adjournment letters without evidence or paper books. The tribunal found the assessee showed no interest in pursuing the appeal and raised only general grounds without supporting evidence. The CIT(A) had confirmed the addition after obtaining a remand report from the AO, with case law supporting the department's position. en-us Mon, 06 Jan 2025 00:00:00 +0530 Wed, 08 Jan 2025 08:37:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=764326 The ITAT Ahmedabad dismissed the assessee's appeal against addition under section 68 regarding sale consideration from share transactions alleged to be accommodation entries disguised as Long Term Capital Gain. Despite ten hearings, the assessee failed to appear or provide authorization for representation, filing only adjournment letters without evidence or paper books. The tribunal found the assessee showed no interest in pursuing the appeal and raised only general grounds without supporting evidence. The CIT(A) had confirmed the addition after obtaining a remand report from the AO, with case law supporting the department's position. Case-Laws Income Tax Mon, 06 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=764326