TaxTMI 
TaxTMI 
2023 (3) TMI 1152
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..... ORDER PER ANIL CHATURVEDI, AM : This appeal filed by the assessee is directed against the order dated 10.02.2017 passed by the Commissioner of Income Tax (Appeals) - Karnal relating to Assessment Year 2011-12. 2. Brief facts of the case as culled out from the material on record are as under :- 3. Assessee is an individual. It was noted by AO that assessee did not file his return of income f....
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....r a consideration of Rs.22,01,000/-. AO noted that assessee could explain cash deposit only to the extent of Rs.22,01,000/- and had failed to explaining the cash deposit of balance Rs.52,39,000/-. After considering the aforesaid information, AO considered the balance amount of Rs.52,39,000/- [74,00,000 - 22,01,000] as unexplained cash credit and made its addition u/s 68 of the Act as assessee's in....
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....t u/s 68 of Income Tax Act, 1961. 3. That having regard to the facts and circumstances of the case the Ld. CIT(A) was not justified in confirming the addition of 5239000.00 made by the Ld. A.O. on the ground that no information with regard to these unexplained cash deposit have been furnished ,whereas no opportunity was ever granted by the Ld. A.O. to confront the buyer of the property. 4. Tha....
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....lso taking all necessary steps to effectively pursue the appeal. The fact that assessee has not appeared before the Tribunal despite various opportunities granted to the assessee shows that assessee is not serious in pursuing the appeal filed by him. In the absence of any co-operation from the side of assessee, we don't find any reason to keep the matter pending before us. In such circumstances, w....