TMI Blog2018 (5) TMI 999X X X X Extracts X X X X X X X X Extracts X X X X ..... ide order sheet dated 23rd September, 2016 and 06th October, 2016 as to why the claim of the assessee should not be disallowed. The assessee had no explanation but to accept the addition proposed by the A.O. Claim of assessee of deduction for expenditure was found false and bogus. It is, therefore, clear case, where fact of filing inaccurate particulars have been detected by the A.O. at assessment stage that assessee made a wrong claim of deduction of the expenditure deliberately. It is a common knowledge that only few returns are selected for scrutiny. If the assessee makes a claim which is not only incorrect in law but is also wholly without any basis and the explanation furnished by him for making such claim is not found to be bonafi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... from ING Vysya bank. Vide note sheet dated 23.09.2016 and 06.10.2016, the assessee was confronted as to how the expenses of ₹ 16,60,121/- has any direct nexus with the income from assured return for the purpose of Section 57(iii) of the I.T. Act and as to why the same be not disallowed as income from other sources is not related to the expenses so claimed above. Assessee had no explanation but to accept and agreed to the addition on account of disallowance of the same. The assessee was again provided an opportunity vide show cause notice dated 2nd December, 2016, to offer the explanation regarding the nexus of the expenses with the assured income. The assessee again confirmed that it is not related in any way. The assessee has surren ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ismissed the appeal of the assessee. 3.1. On the last date of hearing, assessee sought adjournment which was granted for 08th March, 2018. However, on the date of hearing, none appeared on behalf of the assessee despite service of the notice. 4. Ld. D.R. on the other hand, relied upon the orders of the authorities below. 5. After considering the submissions of the Ld. D.R. I am of the view that no interference is called for in the matter. The assessee declared income from other sources. Therefore, it is the duty of the assessee to explain that expenses related to income from other sources have any direct nexus with the earning of such income. The A.O. found specific fact against the assessee that assessee made a wrong claim of expe ..... X X X X Extracts X X X X X X X X Extracts X X X X
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