2023 (7) TMI 393

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....rab, Ld. Sr. DR ORDER PER N.K. CHOUDHRY, J.M. This appeal has been preferred by the Assessee/ Appellant herein, against the order dated 05.02.2019, impugned herein, passed by the learned Commissioner of Income-tax (Appeals)-8, New Delhi (in short "Ld. Commissioner"), u/s. 250 of the Income-tax Act, 1961 (in short 'the Act') for the assessment year 2010-11. 2. From the record it reveals....

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.... companies, observed that the Appellant had received a sum of Rs. 1,27,00,000/- M/s. Reena Plastic Pipes Pvt. Ltd. (Now Madhurnath Infrastructure Pvt. Ltd.) controlled by Shri Pradeep Kumar Jindal, however failed to discharge its onus of providing the identity and creditworthiness of such party. The Assessing Officer therefore made the additions of Rs. 1,27,00,000/- and Rs. 2,54,000/- respectively....

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....ances, the ld. Commissioner was constrained to decide the appeal as ex-parte but on merit and held "It is seen from the order of the AO that this is a case of accommodation entry. On merits also, during appellate proceedings, no further details have been filed by appellant company, despite allowing opportunity of being heard in that regard, so as to justify its claim that no additions needed to be....