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TMI Blog2023 (1) TMI 1204X X X X Extracts X X X X X X X X Extracts X X X X ..... 016 by the ld. 1st Appellate Authority, whereas appeal has been filed in 2021. The only explanation taken by the assessee is that Certified Copy was obtained by the assessee on 03.12.2020. There is a huge gap of roughly four years, which has not been explained by the assessee, or no one has responded to the notices issued by the Tribunal. Accordingly we do not find any merit in this appeal, it is ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ared before the ld. CIT(Appeals) or the ld. Assessing Officer. Considering the above situation, we deem it appropriate to hear this appeal ex-parte qua the assessee. 3. The assessee has taken eight grounds of appeal. Its main grievance is that ld. CIT(Appeals) has erred in confirming the order of ld. Assessing Officer, whereby an addition of Rs.10,22,00,000/- was made with the aid of section 68 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of it s appeal pending before the ITAT and the assessee did not appear before the ld. Assessing Officer, even on repeated notices did not file anything before the ld. Assessing Officer. Under the compelling circumstances, ld. Assessing Officer treated the alleged share capital as bogus and made the addition of Rs.10,22,00,000/-. 4. In appeal, again the assessee did not appear before the ld. CIT ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rt of its alleged bogus share capital claim. Apart from the above, we also notice that impugned order was passed in 2016 by the ld. 1st Appellate Authority, whereas appeal has been filed in 2021. The only explanation taken by the assessee is that Certified Copy was obtained by the assessee on 03.12.2020. There is a huge gap of roughly four years, which has not been explained by the assessee, or no ..... X X X X Extracts X X X X X X X X Extracts X X X X
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