2021 (12) TMI 1027

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... 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. 1,36,39,191/- made by the Assessing Officer u/s 6....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ssee 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 creditworthiness of the Directors/loan creditors as well as th....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....see 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 substantiate the creditworthiness of the directors and the genui....