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TMI Blog2023 (7) TMI 174X X X X Extracts X X X X X X X X Extracts X X X X ..... 9.03.2018 passed by learned Commissioner of Income-Tax (Appeals)-1, Bhopal ["Ld. CIT(A)"], which in turn arises out of assessment-order dated 30.06.2016 passed by learned ITO, Betul ["Ld. AO"] u/s 143(3) of Income-tax Act, 1961 ["the Act"] for Assessment-Year ["AY"] 2014-15, the assessee has filed this appeal on following grounds:- "(1) That on the facts and in the circumstances of the case, the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... es. It is further observed that several notices have been sent to assessee through speed-post but the postal authorities have returned with remarks "addressee left" or "addressee denied to receive". Since ample opportunity have already been given, no further opportunity can be given now. Ld. DR representing the Revenue was ready and willing to argue the case. Therefore, the hearing is proceeded an ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... statutory provision of section 56(2)(vii)(b); computed difference at Rs. 61,39,050/- [Rs. 85,00,000/- (-) Rs. 23,60,950/-] and added ½ share of assessee amounting to Rs. 30,69,525/- as income from other sources. 4. Then, Ld. DR carried us to the order of CIT(A) and referring to Para 4 thereof, demonstrated that the assessee made a representation to CIT(A)incorporating the verdict of secti ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ly. Ld. DR submitted that the CIT(A) was not satisfied with submission of assessee and did not grant any relief, which he has rightly done. 5. Ld. DR submitted that the impugned addition made/upheld by lower authorities is a statutory addition mandated by section 56(2)(vii)(b) and the assessee is making a futile attempt to run away from taxation without having any justifiable explanation to subst ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ly. We further observe that the addition made by lower-authorities is mandated by section 56(2)(vii)(b) and in absence of a valid explanation by assessee, the same has to be made, there is no escape route. It is further observed that the assessee is not representing his case before us despite several opportunities. Therefore also, in absence of any assistance coming from assessee, we do not find a ..... X X X X Extracts X X X X X X X X Extracts X X X X
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