2016 (6) TMI 1406

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....8.09.2014 of ld. CIT(A)-XVIII, New Delhi. 2. The only grievance of the assessee in this appeal relates to the confirmation of addition of Rs. 25,25,000/- made by the AO u/s 68 of the Income Tax Act, 1961 (hereinafter referred to as the Act). 3. During the course of hearing nobody was present on behalf of the assessee neither any adjournment was sought. The notice sent to the assessee at the addr....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ar vs. CWT (223 ITR 480) wherein it has been held as under:  "if the party, at whose instance the reference is made, fails to appear at the hearing, or fails in taking steps for preparation of the paper books so as to enable hearing of the reference, the court is not bound to answer the reference." 6. Similarly, Hon'ble Punjab & Haryana High Court in the case of New Diwan Oil Mills vs. CIT....