M/S KHIM ENGINEERING INDUSTRIES PVT LTD ,BANGALORE vs. DEPUTY COMMISSIONER OF INCOME TAX CIRCLE-4(1)(1), BANGALORE

The appeal filed by the assessee is directed against the order dated 27.09.2016 passed by the learned CIT(A)-4, Bangalore and it relates to assessment year 2012-2013.

The assessee is aggrieved by the decision of the learned CIT(A) in confirming addition of Rs.108.00 lakh made by the Assessing Officer u/s 40A(2)(b) of the Act.

None appeared on behalf of the assessee. We noticed that the notice issued by the registry has been duly served upon the assessee. Hence, we proceed to dispose of the appeal ex parte, without the presence of the assessee. We noticed that the Assessing Officer was constrained to make the . M/s.Khim Engineering Industries P.Ltd. impugned disallowance u/s 40A(2)(b) of the Act since the assessee did not furnish any details to substantiate its claim. Before the learned CIT(A) also the assessee did not furnish the details. Before us also nothing was furnished. Hence we have no other option, but to confirm the order passed by the learned CIT(A).

In the result, the appeal of the assessee is dismissed.