2023 (1) TMI 604

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....ver, assessee had neither responded to the notices of hearing issued repeatedly nor has appeared even on a single occasion. These facts show complete apathy and lack of interest of the assessee in pursuing the present appeal, since, multiple opportunities have been extended to the assessee, which it has failed to avail, I proceed to dispose off the appeal ex parte qua the assessee after hearing the learned Departmental Representative and based on materials available on record. 3. The basic issue which is under challenge in the present appeal is addition of Rs.9,53,000/- under section 68 of the Income Tax Act, 1961. 4. Briefly the facts are, the assessee is a resident individual. For the assessment year under dispute, assessee did not ....

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....eals) partly deleted the addition made with reference to the unexplained deposits in the bank account. As regards the addition of rental income, learned Commissioner (Appeals), though, upheld the addition, however, he directed the Assessing Officer to allow statutory deduction from rental income and also to give credit for TDS. Thus, learned Commissioner (Appeals) granted partial relief to the assessee. 6. I have considered the submissions of learned Departmental Representative and perused materials on record. 7. In course of assessment proceeding, as alleged by the Assessing Officer, the assessee did not comply with a number of queries raised by the Assessing Officer and did not file supporting evidence to explain the source of depos....