2021 (1) TMI 51

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.... : Rohit Mujumdar, DR ORDER A. Mohan Alankamony, Member (A) This appeal is filed by the assessee aggrieved by the order of the Ld. Commissioner of Income Tax (Appeals)-1, Hyderabad, in appeal No. 0201/2017-18/ITO, Ward-17(2), Hyd/CIT(A)-1/Hyd/2018-19, dated 28-03-2019. 2. Brief facts of the case are that the assessee is a Private Ltd., company, engaged in the business of providing recr....

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.... failed to appear before the Ld. CIT(A) in his proceedings. Therefore, the Ld. CIT(A) passed an ex-parte order, wherein he has sustained the addition of Rs. 1,92,717/- towards unexplained cash deposits, because the deposits were not substantiated with cogent evidence. However, with respect to addition made towards unexplained loans, as the assessee has furnished certain details and confirmation le....

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.... of being heard. d. The Ld. CIT(A) ought to have appreciated that the amount of Rs. 1,92,717/- has already been offered to tax in the return of income filed. 3. a. The Ld. CIT(A) ought to have appreciated that the Assessing Officer during the course of scrutiny has not called for any details with regard to the unsecured loans of Rs. 34,65,700/-. b. The Ld. CIT(A) ought t....

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....s from the unsecured loan creditors. Therefore Ld. AR requested the case to be remitted back to the file of Ld. AO for fresh consideration. 6. The Ld. DR vehemently opposed the submissions of the Ld. AR and requested for confirming the order of the Ld. CIT(A). 7. We have heard the rival submissions through video conference and carefully perused the material on record. On verifying the facts ....