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2022 (7) TMI 810 - ITAT DELHIBest judgment assessment u/s 144 - HELD THAT:- We find that the authorities below have given sufficient opportunities to the assessee. The assessee failed to comply with the directions given by the assessing authority from time to time. Therefore, in the absence of compliance of such directions and not furnishing the evidences, the AO was justified in proceeding and passing best judgment order u/s 144 of the Act. Ground nos. 1 & 2 are, therefore, rejected. GP estimation - disallowance on account of proportionate interest expenditure and depreciation - HELD THAT:- We find that no evidence has been placed on record by the assessee to substantiate its claim of expenses and depreciation as claimed before the AO. It was incumbent upon the assessee to substantiate its claim by filing evidences. No explanation had been offered regarding reliability of the accounts. Assessing Officer categorically recorded finding regarding unreliability of accounts on account of the fact that the auditors refused to put their signatures on the audit report. The assessee failed to justify its stand. In the absence of relevant evidences, we do not see any reason to interfere in the findings of the authorities below. We, therefore, uphold the orders of authorities below and reject the grounds raised by the assessee.
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