2022 (3) TMI 61

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....ons and is engaged in the business of trading in residential houses. For the assessment year 2012-13, the assessee filed their return of income on 12.02.2013 declaring an income of Rs. 6,26,010/-. Assessment u/s. 143(3) of the Income-tax Act, 1961 (for short "the Act") was complete by order dated 20.03.2015 at an income of Rs. 1,13,80,900/-, after making several additions. Aggrieved by such additions, assessee preferred appeal before the ld. CIT(A) who by way of impugned order confirmed the additions and dismissed the appeal. Hence, the assessee is before us in this appeal challenging all the additions. 3. When the matter is called, neither the assessee nor any authorized representative entered appearance. It could be seen from the record ....

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....all such occasions, an application for adjournment was filed but the assessee did not cooperate with the first appellate authority and thereby forced the ld. CIT(A) to examine the facts of the case on merits basing on record and to pass the impugned order. Ld. DR further submitted that even in this appeal, notice sent to the assessee were returned with the endorsement that the assessee left and except the address furnished by the assessee in Form No. 36, no details were available to the Tribunal. In so far as the merits is concerned, it is submitted by the ld. DR that in view of the fact that the assessee failed to furnish the books of account consisting of ledger, cash book, purchase and sales invoices and vouchers of expenses etc., it was....

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....f Rs. 42,00,000/- in the balance sheet of M/s. Star Home Solutions, in the name of M/s. Divya Builders and Contractors, as required by Assessing Officer, the assessee failed to furnish copy of account of M/s. Divya Builder & Contractor in the books of assessee and confirmed copy of account of assessee in the books of M/s. Divya Builders & contractors with complete name and address, which led the Assessing Officer to make addition on this account. Further, the assessee has shown advance of Rs. 5,75,000/- in the balance sheet of M/s. Star Home Solutions taken on account of flat booking, but on being asked, the assessee could not furnish their ledger account nor could submit the confirmations from the persons who booked the flats. Learned Asse....