TMI Blog2022 (4) TMI 965X X X X Extracts X X X X X X X X Extracts X X X X ..... ddition made in absence of details like bank book with narration, nature of transactions, name and address of the parties, ledger account, mode of payment, source of payments with requisite documentary support, the genuineness of the said expenditure made could not be verifiable - CIT(A) upheld the addition in ex parte order by taking a view that the assessee has not substantiated the various grou ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... This appeal by the assessee is directed against the order of ld. Commissioner of Income Tax (Appeals)-3, Surat (in short, the ld. CIT(A) dated 23/02/2016 for the Assessment year 2011-12. The assessee has raised following grounds of appeal: 1. The learned CIT-Appeals has erred in making addition of ₹ 43,50,000/- on account of unexplained expenditure. 2. The learned CIT-Appeals h ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d on the assessee on a number of times and adjournment was sought on behalf of assessee. The authority letter of D.V. Shah Associates was filed, is on record. Ultimately, an application was filed for withdrawal of their authority. On filing of such application for withdrawal of authority, a fresh notice for appearance of the assessee was sent through registered post AD. Despite service of notice ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 8377; 6,41,735/- towards unexplained expenditure, (iii) addition of ₹ 8.00 lacs on account of unexplained cash deposits in Bank, (iv) addition of ₹ 41.00 lacs on account of unexplained unsecured loans, (v) addition of ₹ 36,25,588/- on account of unexplained debits in bank statement and (vi) addition of ₹ 29,53,553/- on account of unexplained advances by taking the view that ..... X X X X Extracts X X X X X X X X Extracts X X X X
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