TMI Blog2022 (3) TMI 61X X X X Extracts X X X X X X X X Extracts X X X X ..... thority nor any attempt was made to produce the information that was sought by the AO. Even before us also, the assessee is not diligent to prosecute this appeal. For want of evidence or material supporting the claims of the assessee, it is not possible for us to take a different view that was taken by the authorities. For these reasons, we do not find any reason to take a view contrary to the one taken by the authorities and we find no option but to confirm the additions. Appeal of the assessee is dismissed. - ITA No. 4099/Del/2017 (Assessment Year: 2012-13) - - - Dated:- 9-12-2021 - SHRI R.K. PANDA, ACCOUNTANT MEMBER AND SHRI K. NARASIMHA CHARY, JUDICIAL MEMBER Appellant by : None Respondent by: Sh. Anil Gandhi, Sr. DR ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... assessee to make arrangements for service of such notice by furnishing the address where the assessee would be available, or to deliver it to some authorised person, or by making request to the postal department to detain the mail till the assessee claims the same. Since the assessee does not seem to have adopted any of these methods, we are the considered opinion that no time could be granted. Basing on the record we proceed to hear the counsel for Revenue and decide the matter on merits. 4. We heard the ld. DR. He submits that it could be seen from the orders of the authorities that the ld. Assessing Officer issued notice u/s. 142(1) of the Act along with queries dated 07.10.2014, 05.01.2015 and 10.03.2015, requiring the assessee to f ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of unexplained credit in the capital account. Though the assessee filed the copy of his account, but failed to furnish any supporting evidence in respect of credit entries of ₹ 2,10,000/-, ₹ 6,08,199/- and ₹ 51,000/- totalling to ₹ 8,69,199/-. Similarly, the assessee introduced fresh capital of ₹ 14,71,000/- in M/s. Star Home Solutions, but the entries shown in the capital account were not found supported by any documentary evidence. Apart from the above, in the balance sheet of Prahlad Singh Bisht, the assessee had shown fresh unsecured loans at ₹ 9,96,114/- from different persons. The assessee was required to furnish the bank statements, names, addresses and ITRs of the persons, from whom said unsecure ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... that in the Trading and P L account, as per details of closing stock, the assessee has shown cost of the plot No. 109, Shalimar Garden at ₹ 39,00,000/- which does not include the expense of ₹ 2,70,000/- spent on stamp duty. The assessee explained before the Assessing Officer that the payment of stamp duty of ₹ 2,70,000/- was not included in the closing stock by mistake, but it was also not taken in expenses, thus, having no impact on profit. As per Assessing Officer, the assessee failed to explain the source of this investment and accordingly made addition of ₹ 2,70,000/-. Similarly, the Assessing Officer found that in the profit loss account of Prahlad Singh Bisht, the assessee has shown cost of construction at ..... X X X X Extracts X X X X X X X X Extracts X X X X
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