TaxTMI 
TaxTMI 
2021 (6) TMI 846
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....er dated 11.11.2019 of the CIT(A)-36, Delhi, relating to the assessment year 2011-12. 2. Although a number of grounds have been raised, these all relate to the ex parte order of the CIT(A) in confirming the order passed by the AO determining the total income at Rs. 21,21,997/- as against the returned loss of Rs. 46,058/-. 3. Facts of the case, in brief, are that the assessee is a private limited....
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....as explained that the assessee had advanced a loan of Rs. 1,22,63,000/- during the F.Y. 2009-10 which was received back in F.Y. 2010-11. It was also claimed that it has again issued this loan back to some other entities during the year. However, the AO observed from the bank statement that the assessee had huge credits amounting to Rs. 21,68,05,597/- from various entities during the year. On perus....
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....ved with such order of the CIT(A), the assessee is in appeal before the Tribunal. 5. I have heard the rival arguments made by both the sides and perused the record. It is an admitted fact that despite number of opportunities granted by the CIT(A), the assessee did not appear before him for which the ld. CIT(A) was constrained to pass the ex parte order. It is the submission of the ld. Counsel for....