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TMI Blog2022 (9) TMI 68X X X X Extracts X X X X X X X X Extracts X X X X ..... n? - HELD THAT:- The assessee has not appeared even after giving giving sufficient opportunities either dispute or to contradict the findings of the CIT(A) and no documentary evidence made available before us to negate the findings of the A.O or CIT(A). In view of the above, we do not find any merit in the Grounds of Appeal of the assessee. Accordingly, the Grounds of Appeal No. 1 to 6 are dismiss ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... at the Id. CIT(A) and AO has not considered the submissions of the assessee and proceeded on their own surmises, presumption and doubts. 3. That the Ld. CIT(A) and Ld. AO has ignored the fact that identity and genuineness of the transaction is also established by the shareholders independently by filing response to notice u/s 133(6) of the Act. 4. That the Ld. CIT(A) has ignored the fact tha ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rd and gave our thoughtful consideration. 5. The assessee is aggrieved by order of CIT(A) dated 11/05/2017 which has confirmed the order of Ld. A.O wherein the Ld. A.O by made an addition of Rs. 14,55,00,000/- u/s 68 on account of share application money. 6. The assessee has raised following grounds of Appeal. The Ld.CIT(A) while dismissing the Appeal of the assessee made following observation ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of mind, 1 hold that the decision of the Assessing officer is arrived at by proper application of mind and after making the necessary enquiries and giving sufficient opportunity to the appellant to present his case. 9.7. I further hold that the inevitable conclusion drawn by the Assessing Officer is both logical as well as in accordance with law and consistent with judicial pronouncements by hi ..... X X X X Extracts X X X X X X X X Extracts X X X X
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