2023 (1) TMI 1204

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....YADAV, VICE-PRESIDENT (KZ):- The assessee is in appeal before the Tribunal against the order of ld. Commissioner of Income Tax (Appeals)-2, Kolkata dated 03.10.2016 passed for A.Y. 2009-10. 2. In response to the notice of hearing, no one has come present on behalf of the assessee. On 23.08.2022, one alleged employee of the assessee-company Shri Amit Singh appeared, but thereafter no one has appe....

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....s order was set aside by the ld. Commissioner by exercising the powers under section 263 vide its order dated 01.03.2013. The ld. Assessing Officer thereafter issued notice under section 142(1) directing the assessee to submit the necessary evidence in support of its claim for share capital. The assessee wrote back to the ld. Assessing Officer that it has filed an appeal before the ITAT against 26....

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....he assessee has not submitted any detail. The line of argument advanced by the assessee in the grounds of appeal is that in the proceeding under section 263, it has submitted the necessary details, therefore, it is incumbent upon the Revenue Authorities to call for those details from the record of ld. CIT and should have not made the addition. 6. We have gone through the record carefully and from....