2015 (1) TMI 2

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....9;s appeal directed against the order passed by learned CIT (A)-II, Kanpur dated 13/01/2014 for assessment year 2004- 2005. 2. The grounds raised by the assessee are as under:     "1. That Ld. Commissioner of Income tax (Appeals) II, Kanpur has erred in dismissing the appeal ex-parte.     2. That Ld. Commissioner of Income tax (Appeals) II, Kanpur has erred i....

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.... assessment order.     6. That Ld. Commissioner of Income tax (Appeals) II, Kanpur has erred in confirming the addition/disallowance of Rs. 2,81,022.00 on account of notional interest not earned by the assessee .     7. That Ld. Commissioner of Income tax (Appeals) II, Kanpur has erred in confirming the addition of Rs. 66 ,181.00 on account of prior period expen....

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....ng order.     12. That the appellant craves leave to introduce, withdraw or modify any ground of appeal with the kind permission of your honour ." 3. None appeared on behalf of the assessee on the appointed date of hearing inspite of notice and hence, we proceed to decide the appeal of the assessee ex-parte qua the assessee . 4. Learned D.R. of the Revenue supported the ord....

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....if produced they would have gone against the assessee . In support of the same contention, CIT( A) has also followed another judgment of Hon'ble Delhi High Court rendered in the case of 2011-TIOL-795-HC-DEL-IT, CIT vs. Gold Leaf Capital Corporation Ltd . We find that a clear finding is given by CIT( A) that the Assessing Officer has allowed all those expenses which could be verified in course ....