SWAJAS AIR CHARITIES LIMITED, CHENNAI V. CIT-A, NFAC, NEW DELHI

ITA 1101/CHNY/2022

AI Insights

The case involves Swajas Air Charters Limited, which appealed against the additions made to its income by the ACIT, Company Circle-VI (4), Chennai. The additions amounted to Rs.34.15 Lacs, attributed to the write-off of pre-operative expenses and ROC charges. During the appellate proceedings, the assessee was unable to provide necessary details to substantiate these expenses, citing closure of business as the reason. The tribunal found no new material presented that could overturn the initial assessment, leading to the dismissal of the appeal.

• Counselvise Citation: [2023] 140 COUNSELVISE.COM (IT) 134233 (ITAT-CHENNAI)
• Duration Of Justice: 6 month(s) 22 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 12-07-2023
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: B
• Next Hearing Date: 12-07-2023
• Assessment Year: 2010-2011
• Appeal Filed On: 20-12-2022
• Result in Favour of: Revenue
• Court: TRIBUNAL

Judgement Text

आयकर अपीलीय अिधकरण “बी” ायपीठ चे ई म । IN THE INCOME TAX APPELLATE TRIBUNAL “B” BENCH, CHENNAI माननीय ी महावीर िसंह, उपा ! एवं माननीय ी मनोज कुमार अ&वाल ,लेखा सद) के सम!। BEFORE HON’BLE SHRI MAHAVIR SINGH, VP AND HON’BLE SHRI MANOJ KUMAR AGGARWAL, AM आयकरअपील सं./ ITA No.1101/Chn y/2022 (िनधा*रण वष* / As sessment Year: 2010-11) Swajas Air Charters Limited No.47 (Old No.22), Arathoon Road Royapuram, Chennai-600 013. बनाम / V s . ACIT, Company Circle-VI (4) Chennai. थायीलेखासं./जीआइआरसं./PAN/GIR No. A AM C S- 21 16-E (अपीलाथ /Appellant) : ( थ / Respondent) अपीलाथ कीओरसे/ Appellant by : None थ कीओरसे/Respondent by : Shri D.Hema Bhupal (JCIT)- Ld. DR सुनवाईकीतारीख/Date of Hearing : 13-07-2023 घोषणाकीतारीख /Date of Pronouncement : 13-07-2023 आदेश / O R D E R Manoj Kumar Aggarwal (Accountant Member) 1. At the time of hearing of captioned appeal, none appeared for assessee. The hearing notice has returned back. Upon perusal of assessment order dated 28.03.2013, it could be seen that the assessee has been saddled with additions of Rs.34.15 Lacs on account of write-off of pre-operative expenses and ROC charges paid. During appellate proceedings, the assessee expressed inability to furnish the details due to closure of the business. Accordingly, the impugned additions were confirmed against which the assessee is in further appeal before us. 2 ITA No.1101/Chny/2022 2. Quite clearly, the assessee has failed to substantiate the expenditure claim. No new material has been placed before us. Therefore, we have no option but to confirm the impugned order. 3. The appeal stand dismissed. Order pronounced on 13 th July, 2023. Sd/- Sd/- (MAHAVIR SINGH) (MANOJ KUMAR AGGARWAL) उपा ! / VICE PRESIDENT लेखा सद) / ACCOUNTANT MEMBER चे3ई Chennai; िदनांक Dated : 13-07-2023 DS आदेशकीAितिलिपअ&ेिषत/Copy of the Order forwarded to : 1. अपीलाथ /Appellant 2. थ /Respondent 3.आयकरआयु