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49.—(1) If on an appeal under Part III or an application under Part V the appellant or applicant fails to attend or be represented at the hearing the Tribunal may dismiss the appeal or application.
(2) If any party to proceedings referred to in paragraph (1) other than the appellant or applicant, or any party to a reference under Part IV fails to attend or be represented at the hearing, the Tribunal may hear and determine the appeal, application or reference in his absence and may make such order as to costs as it thinks fit.
(3) Where proceedings have been dismissed or determined under this rule, the Tribunal may, on the application of the party who has failed to attend within 7 days of the dismissal or determination, if it is satisfied that he had sufficient reason for his absence, set aside the dismissal or determination on such terms as to costs as it thinks fit.
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