https://www.taxtmi.com/caselaws?id=792700 Ex parte appellate proceedings involved additions under section 68 for share capital and unsecured loans, together with estimated commission income, after the assessee failed to prove identity, creditworthiness and genuineness of the transactions. The Tribunal noted complete non-compliance before the Assessing Officer, the first appellate authority and itself, and recorded that the assessment was made on available material after rejection of books. In the absence of cogent documentary evidence or participation at every stage, the ex parte appellate orders and best judgment assessments were sustained and the appeals were dismissed for non-prosecution and want of substantiation. en-us Wed, 29 Apr 2026 00:00:00 +0530 Tue, 02 Jun 2026 08:47:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792700 Ex parte appellate proceedings involved additions under section 68 for share capital and unsecured loans, together with estimated commission income, after the assessee failed to prove identity, creditworthiness and genuineness of the transactions. The Tribunal noted complete non-compliance before the Assessing Officer, the first appellate authority and itself, and recorded that the assessment was made on available material after rejection of books. In the absence of cogent documentary evidence or participation at every stage, the ex parte appellate orders and best judgment assessments were sustained and the appeals were dismissed for non-prosecution and want of substantiation. Case-Laws Income Tax Wed, 29 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792700