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TMI Blog2023 (1) TMI 27X X X X Extracts X X X X X X X X Extracts X X X X ..... order of the ld. AO. Assessee had not able to submit any contradictory fact or any calculation against the order of the ld. AO. CIT(A) has discussed both the legal and factual issue in the order. We are not intervening in the order of the revenue authorities in this stage. Accordingly, the addition made by the assessing authority is upheld. Appeal of assessee dismissed. - I.T.A. No.99/Asr/2019 - - - Dated:- 20-12-2022 - Dr. M. L. Meena, Accountant Member And Sh. Anikesh Banerjee, Judicial Member For the Appellant : None For the Respondent : Sh. Radhey Shyam Jaiswal, Sr.DR ORDER PER:ANIKESH BANERJEE, JM: The instant appeal of the assessee is directed against the order of the ld. Commissioner of Incom ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ppeal before us. 4. During hearing the assessee was called for hearing but no one was present on behalf of the assessee. The matter was fixed in several dates. In view of the above and considering the nature of dispute, we proceed to dispose the appeal of the assessee ex-parte qua after hearing the learned DR and on the basis of material available on the record. 5. We heard the submission of the ld. Sr. DR and considered the documents available in the record. The assessee first challenged the jurisdictional ground for reopening u/s 148 but the issue was well settled by the ld. CIT(A) and speaking order was passed. The ld. Sr. DR first pointed out the relevant paragraph of the order of the ld. CIT(A) page no. 8 which is extracted ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... in amounts of Rs.1,79,91,721/- for relevant financial year. In quantum assessment the assessee had not contradicted the transaction amount with ld. AO. The ld. AO has correctly calculated the investment part in share amount of Rs. 5 lacs. Further, during the year the assessee had liquidated the investment and had incurred the STGC amount of Rs.2 lacs. The source of investment amount of Rs. 5,00,000/- is remained unexplained before the bench. We find no infirmity in the order of the ld. AO. The assessee had not able to submit any contradictory fact or any calculation against the order of the ld. AO. The ld. CIT(A) has discussed both the legal and factual issue in the order. We are not intervening in the order of the revenue authorities in t ..... X X X X Extracts X X X X X X X X Extracts X X X X
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