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2022 (12) TMI 583 - ITAT AHMEDABADEx-parte order - Computation of Long Term Capital Gains - assessee’s father purchased two properties 1961 in the name of the assessee and his brother who at the time were minor children. After the death of the farther, the aforesaid properties vested with both the sons in equal proportion as per the will of their Father - aforesaid properties (two) were sold by the assessee and his brother, with his sister acting as a power of attorney holder) vide sale deed - CIT-A so computed unexplained credits in the hands of assessee, interest income and short-term capital gains on mutual funds in the hands of assessee - HELD THAT:- In the instant case, we observe that despite a large number of opportunities, the assessee has not caused appearance before us to argue his case on merits. We observe that Ld. CIT(A) has after taking into consideration all the facts has passed a detailed and reasoned order, the relevant extracts of which have been reproduced above. The assessee has not produced any material or given any arguments to controvert any of the findings made by Ld. CIT(A). Accordingly, in our view, we find no infirmity in the order of Ld. CIT(A) and we accordingly dismissed the appeal of the assessee in light of the detailed order passed by Ld. CIT(A) considering the facts of the case. Appeal of the assessee is dismissed.
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