Loading judgment…
No AI summary yet for this case.
Income Tax Appellate Tribunal, DELHI BENCH “SMC”, NEW DELHI
Before: SHRI R. K. PANDA
O R D E R
PER R. K. PANDA, AM :
This appeal filed by the assessee is directed against the order dated 15.01.2018 of the CIT(A)- I, Gurgaon relating to assessment year 2014-15.
The assessee, in the grounds of appeal
, has challenged the order of the ld. CIT(A) in confirming the various additions made by the Assessing Officer in the ex-parte order passed by him.
3. The ld. counsel for the assessee submitted that the assessee is an individual and derives interest income from bank. He filed his return of income on 29.10.2014 declaring an income of Rs.73,900/-. The Assessing Officer completed the assessment u/s 143(3) on 04.10.2016 determining the total income at Rs.22,80,931/- wherein he made addition of Rs.18,65,926/- on account of interest income received on enhanced compensation of Rs.3,41,105/- on account interest from bank and FDRs. Since none appeared on behalf of the assessee, the ld. CIT(A) dismissed the appeal filed by the assessee for want of prosecution as well as delay in filing of the appeal by 21 days. He submitted