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Income Tax Appellate Tribunal, “B” BENCH, CHENNAI
Before: HON’BLE SHRI MAHAVIR SINGH, VP & HON’BLE SHRI MANOJ KUMAR AGGARWAL, AM
O R D E R Manoj Kumar Aggarwal (Accountant Member) 1. At the time of hearing of captioned appeal, none appeared for assessee. The hearing notice has returned back. Upon perusal of assessment order dated 28.03.2013, it could be seen that the assessee has been saddled with additions of Rs.34.15 Lacs on account of write-off of pre-operative expenses and ROC charges paid. During appellate proceedings, the assessee expressed inability to furnish the details due to closure of the business. Accordingly, the impugned additions were confirmed against which the assessee is in further appeal before us.
Quite clearly, the assessee has failed to substantiate the expenditure claim. No new material has been placed before us. Therefore, we have no option but to confirm the impugned order.
The appeal stand dismissed. Order pronounced on 13th July, 2023.