P. Srinivasan v. The Deputy Commissioner of Income-tax, Central Circle-II(2), Chennai
[Citation -2019-LL-0917-77]
| Citation | 2019-LL-0917-77 |
|---|---|
| Appellant Name | P. Srinivasan |
| Respondent Name | The Deputy Commissioner of Income-tax, Central Circle-II(2), Chennai |
| Court | ITAT-Chennai |
| Relevant Act | Income-tax |
| Date of Order | 17/09/2019 |
| Assessment Year | 1999-00 |
| Judgment | View Judgment |
| Keyword Tags | adequate opportunity • undisclosed income • ex-parte assessment • non-genuine loan • service of notice • absence of evidence |
| Bot Summary: | PAN: ABEPS3121R/703S, Appellant by : None Respondent by : Mr.D.Divahar, JCIT, D.R , Date of Hearing : 17.09.2019 ,Date of Pronouncement : 17.09.2019 ORDER PER GEORGE MATHAN, JUDICIAL MEMBER: This is an appeal filed by the assessee against the order of the Commissioner of Income-tax-II, Chennai in IT Appeal No.100/2002- 03 dated 30.10.2002 for the assessment year 1999-2000. None represented on behalf of the Assessee and Mr.D.Divahar represented on behalf of the Revenue. The Stay Petition was posted on various dates and subsequently the assessee was granted early hearing and Stay Petition had been dismissed. The assessee had filed Writ Petition before the Hon ble Jurisdictional High Court of Madras against the order of the Tribunal in the Stay Petition and vide order dated 09.12.2003 and the Hon ble High Court of Madras had called for the original records. The appeal of assessee is being disposed off on merits. The only issue in the assessee s appeal is against the exparte assessment done and the action of the Assessing Officer in treating the loan of Rs.70,000/- received from various creditors as not genuine, also the addition of Rs.1,94,700/- treated as undisclosed income of assessee. CIT(A), nor before us, the assessee has produced any evidence to rebut the additions made by the Assessing Officer. |