ITAT uphold section 68 addition for Non-Responsiveness & Failure to Produce Evidence

SSC Hospitality Pvt Ltd Vs ITO (ITAT Delhi) The case of SSC Hospitality Pvt Ltd vs ITO (Income Tax Appellate Tribunal, Delhi) involves an appeal by the assessee against the Commissioner of Income-tax (Appeals) [CIT(A)]’s order for the assessment year 2014-15. The key issue revolves around the addition of Rs.1,26,23,000 under section 68 of the Income-tax Act, 1961 (“the Act”). Background Non-Responsiveness of Assessee: The appeal was called for a hearing on multiple occasions, but the assessee consistently failed to appear. Notices sent through registered post/speed post were...