2021 (12) TMI 1027

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....v. Respondent by: Smt. Sushma Singh CIT-DR ORDER PER R.K. PANDA, AM : This appeal filed by the assessee is directed against the order dated 25.04.2017 of the learned CIT(A)-36, New Delhi, relating to Assessment Year-2012-13. 2. Although a number of grounds have been raised by the assessee, these all relate to the ex-parte order of the learned CIT(A) in sustaining addition of Rs. 1,3....

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....Thereafter, the Assessing Officer asked the assessee to substantiate the identity and creditworthiness of the Directors/loan creditors and genuineness of the transactions. Although, the assessee proved to the satisfaction of the Assessing Officer regarding the identity of the directors, however, according to the Assessing Officer, the assessee failed to substantiate to establish the creditworthine....

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....Act in respect of unsecured loan obtained by the assessee from three directors on the ground that the assessee failed to substantiate with evidences to his satisfaction regarding creditworthiness of the three directors and the genuineness of the transactions. We find the learned CIT(A) sustained the addition made by the Assessing Officer, since, the assessee did not appear before her to substantia....

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....he case and in the interest of justice, we deem it proper to restore this issue to the file of the learned CIT(A) with a direction to grant one final opportunity to the assessee to substantiate its case and decide the issue as per fact and law. The assessee is also hereby directed to appear before the learned CIT(A) to substantiate its case without seeking any adjournment under any pretext failing....