2023 (6) TMI 1031

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....AT, JM : The present appeal filed by the assessee for the assessment year 2016-17 is directed against the order of Ld. CIT(A), National faceless Appeal Centre ("NFAC"), Delhi dated 13.03.2023. 2. The assessee has raised following grounds of appeal:- 1. "That the Commissioner of Income-tax (Appeals) ['CIT(A)'] erred on facts and in law in passing the ex-parte order dated 13.03.2023 conf....

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....he Act on the alleged ground that the same amount represented unexplained investment made by the assessee. 3. That on the facts and in the circumstances of the case and in law, the CIT(A)/AO erred in making the impugned addition merely on the basis of assumptions and conjectures and completely ignoring the robust documentary evidences filed by the appellant to substantiate its investment. 4. T....

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....pugned order has been passed without giving adequate opportunity to the assessee for making representation and explanation by the assessee. 4. On the other hand, Ld. Sr. DR opposed the submissions and supported the orders of the authorities below. 5. We have heard Ld. Authorized Representatives of the parties and perused the material available on record. We find that Ld.CIT(A) decided the issue ....