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TMI Blog2024 (9) TMI 1186X X X X Extracts X X X X X X X X Extracts X X X X ..... g and are being disposed of by this common order for the sake of convenience. 2. At the time of hearing no one attended the proceedings on behalf of the assessee. It is seen from the record that on earlier occasion also i.e. 11.03.2024, there was no representation on behalf of the assessee. Notices of hearing sent by the Registry have been returned unserved with postal remarks 'insufficient address'. Under these circumstances appeals of the assessee are taken up for hearing in the absence of the assessee and are being decided on the basis of material available on record. 3. We first take up ITA no. 1355/Del/2023 for A.Y. 2010-11. The assessee has raised following grounds of appeal: "1. The Ld. CIT(A) has erred in not appreciating the fa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r of assessment so framed are without jurisdiction 8. The Ld. CIT(A) has erred in not appreciating the fact that the approach adopted by revenue is inconsistent and contradictory. 9. The Ld. CIT(A) has erred in not appreciating the fact that the addition tantamounts to double taxation and is therefore, not permissible. 10. The Ld. CIT(A) has erred in not appreciating the fact that the disallowance of expenditure is factually and legally misconceived 11. The Ld. CIT(A) has erred in not appreciating the fact that the lack of enquiry by the learned assessing officer 12. The Ld. CIT(A) has erred in not appreciating the fact that no addition can be made on the basis of surmises, suspicion and conjectures 13. The Ld. CIT(A) has erred ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of cases, based at Delhi, allegedly entry operators providing accommodation entries to beneficiaries. As per Assessing Officer, during the course of search and seizure operation many incriminating papers/documents, related to the assessee company were found and seized. Therefore, after recording satisfaction, notice u/s 153C of the Act was issued. Thereafter, notice u/s 142(1) was issued. It is noteworthy that in response to notice u/s 153C of the Act, the assessee filed its return of income at a loss of Rs. 3,682/-. The Authorized Representative of the assessee attended the assessment proceedings. The Assessing Officer after considering the explanation and material placed before him proceeded to make addition of Rs. 3,62,076/- on account ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... allowed the bogus expenses booked in P & L Account as the assessee is not engaged in any business activities, therefore, the expenses claimed in P & L Account are not genuine but are bogus expenses. Neither the books of accounts including bills and vouchers were found during the course of search nor the appellant had produced any books of account and bills vouchers during the assessment proceedings, therefore, the transactions made in the bank accounts remains unexplained. Further, in the light of the statements given by its director that the company was involved in providing accommodation entry, it has been a matter of fact that the assessee company was not engaged in any business activities but was operated and managed for providing the a ..... X X X X Extracts X X X X X X X X Extracts X X X X
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