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2017 (3) TMI 1762 - ITAT BANGALOREExemption u/s 54B - Asseesee purchased the property out of the sale consideration amount received by the Assessee under the agreement of sale before the actual date of execution of sale deed - Ex-parte order - HELD THAT:- On last date of hearing i.e., 09.02.2017, hearing was adjourned at the request of the assessee to 30.03.2017. Despite having issued notice about the date of hearing, none appeared on behalf of the assessee. Therefore we had no option but to hear the appeal ex-parte qua the assessee. Accordingly, we heard the arguments of the revenue and having carefully perused the orders of the authorities below on the impugned issues raised before us in the light of revenue’s contention, we find that CIT(A) has properly adjudicated all the issues raised before us and since no infirmity is pointed out therein, we confirm the order of the CIT(A). Accordingly, the appeal of the assessee stands dismissed.
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