2023 (11) TMI 1438

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....PRESIDENT This is an appeal by the assessee against order dated 09.11.2017 of learned Commissioner of Income-tax (Appeals)-28, New Delhi for assessment year 2014-15. 2. When the appeal was called out, none appeared on behalf of the assessee. Even, there is no application filed by the assessee seeking adjournment. Perusal of record reveals that beginning from 22nd March, 2022, the appeal has ....

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....assessee has failed to avail, we are of the considered opinion that the assessee does not deserve any further indulgence of this Bench. Accordingly, we will proceed to dispose of the appeal ex parte qua assessee after hearing learned Departmental Representative and based on materials available on record. 3. In the memorandum of appeal, the assessee has raised two grounds. In ground No. 1, ....

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....ore the Assessing Officer on 16.12.2016 and furnished copies of returns of income filed by two persons to explain genuineness of unsecured loans of Rs. 1,26,23,000/-. As alleged by the Assessing Officer, except furnishing copies of returns of income of two persons, the assessee failed to furnish any other details including confirmations from the parties from whom the assessee claimed to have ....

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....s. However, no conclusive evidence was furnished by the assessee to prove the identity and creditworthiness of the creditors and genuineness of the unsecured loans of Rs. 1,26,23,000/-. Even, the assessee failed to furnish any confirmation from the creditors. Before the first appellate authority also, the assessee did not make proper compliance and merely furnished certain photocopies of conf....