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TMI Blog2021 (5) TMI 421X X X X Extracts X X X X X X X X Extracts X X X X ..... to the assessee to submit all details such as when the advances were given, amount of fresh advance during the year, nature of advances, purpose of advances, details of payment, etc. However, the assessee has not furnished any of the above details called for. CIT(A) concluded the appellate order by confirming the additions made by the Assessing Officer. Since the ld. Counsel for the assessee has prayed for one more opportunity of being heard to the assessee, we direct the Assessing Officer to give one more final opportunity of being heard to the assessee for filing complete details - Appeal filed by the assessee is allowed for statistical purposes. - I.T.A. No.330/Chny/2018 - - - Dated:- 19-2-2021 - Shri Duvvuru RL Reddy, Judicial M ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... as evident from the statement of account enclosed with the return. Further, on perusal of the financial statements, the assessee has shown ₹.37,97,24,872/- towards advances from customers under the head of other Current Liabilities. Under this, it was also found that the assessee has received new advances from customers during the year under consideration to an extent of ₹.29,68,60,543/-. Accordingly, notice under section 142(1)(b) of the Act was issued along with questionnaire asking for the details of persons, such as name and their address who remitted the advances. However, there was no response from the assessee. Since there was no response from the assessee to any of the notices issued by the Department, notice under se ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e given, the ld. CIT(A) confirmed the additions. 5. On being aggrieved, the assessee is in appeal before the Tribunal. The ld. Counsel for the assessee has submitted that the assessee was not given sufficient and effective opportunity and confirmation of high pithed assessment was unfair, unjust and unreasonable and prayed for giving one more opportunity of being heard to the assessee. On the other hand, the ld. DR strongly supported the orders of authorities below. 6. We have heard both the parties, perused the materials available on record and gone through the orders of authorities below. Since the assessee has not responded to notices issued under sections 143(2), 142(1)(b), 271(1)(b) of the Act and despite levying penalty due to n ..... X X X X Extracts X X X X X X X X Extracts X X X X
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