M/s. IFC Overseas, New Delhi V. ACIT, New Delhi

ITA 1028/DEL/2012

• Counselvise Citation: [2012] 140 COUNSELVISE.COM (IT) 65684 (ITAT-DELHI)
• Duration Of Justice: 7 month(s) 16 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 16-10-2012
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: C
• Next Hearing Date: 16-10-2012
• Assessment Year: 2008-2009
• Appeal Filed On: 01-03-2012
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: AROOP SINGH

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL (DELHI BENCH `C : NEW DELHI) BEFORE SHRI U.B.S. BEDI, JUDICIAL MEMBER AND SHRI J.S. REDDY, ACCOUNTANT MEMBER ITA NO.1028/DEL./2012 (ASSESSMENT YEAR : 2008-09) M/S IFC OVERSEAS, VS. ACIT, CIRCLE 20(1), B-11, 2 ND FLOOR, GUJARANWALA TOWN, NEW DELHI. NEW DELHI-110009. (PAN/GIR NO.AAAFI7160H) (APPELLANT) (RESPONDENT) ASSESSEE BY : NONE REVENUE BY : SHRI AROOP SINGH, SR.DR ORDER PER U.B.S. BEDI, J.M. THIS APPEAL OF THE ASSESSEE EMANATES FROM THE ORDER OF THE CIT (A)-XXII, NEW DELHI, DATED 9.12.2011, RELEVANT TO ASSESSMENT YEAR 2008-09. 2. DESPITE GETTING THE CASE ADJOURNED BY THE COUNSE L OF THE ASSESSEE ON 16.10.2012, NOBODY ATTENDED NOR ANY REQUEST FOR ADJOURNMENT HAS BEEN RECEIVED. SO, IT IS INFERRED THAT THE ASSESSEE IS NOT INTERESTED IN PROSECUTION OF THE PRESENT APPEAL. 3. HAVING REGARD TO RULE 19(2) OF ITAT RULES, 1963 AND FOLLOWING VARIOUS DECISIONS OF THE TRIBUNAL INCLUDING IN THE CASE OF CIT VS. M ULTIPLAN INDIA (P) LTD., REPORTED IN 38 ITD 320 (DEL.) AND THE JUDGMENT OF HONBLE MADHYA P RADESH HIGH COURT IN THE CASE OF ESTATE OF LATE TUKOJIRAO HOLKAR VS. CWT, 223 I.T.R. 480 (MP), WE TREAT THE APPEAL OF THE ASSESSEE AS UNADMITTED AND DISMISS THE SAME. I.T.A. NO.1028/DEL./2012 (A.Y. : 2008-09) 2 4. AS A RESULT, THE APPEAL FILED BY THE ASSESSEE I S DISMISSED FOR WANT OF PROSECUTION. ORDER PRONOUNCED IN OPEN COURT SOON AFTER THE CONC LUSION OF THE HEARING ON 16.10.2012. SD/- SD/- (J.S. REDDY) ACCOUNTANT MEMBER (U.B.S. BEDI ) JUDICIAL MEMBER DATED : OCT. 16, 2012 SKB COPY OF THE ORDER FORWARDED TO:- 1. APPELLANT 2. RESPONDENT 3. CIT 4. CIT(A)-XXII, NEW DELHI. 5. CIT(ITAT) DEPUTY REGISTRAR, ITAT