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Income Tax Appellate Tribunal, MUMBAI BENCH “H” MUMBAI
Before: SHRI PAVAN KUMAR GADALE & SHRI AMARJIT SINGH
ORDER PER AMARJIT SINGH, A.M. The appeal has been filed by the assessee mainly on the issue of upholding the addition of ₹74,94,179/- by the Ld. CIT(A) in respect of disallowance of direct and indirect expenses by the AO.
At the outset, it is noticed that none appeared on behalf of assessee in spite of calls and even no application for adjournment was moved. On the other hand, Ld. DR is present in the court and is ready with arguments. Therefore, we have decided to proceed with the hearing of the case ex-parte with the assistance of the Ld. DR and the material placed on record.