M.L.DAMANI SECURITIES P. LTD, MUMBAI V. ASST CIT CIR 4(3), MUMBAI

ITA 1208/MUM/2011

• Counselvise Citation: [2013] 140 COUNSELVISE.COM (IT) 71494 (ITAT-MUMBAI)
• Duration Of Justice: 2 year(s) 8 month(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 09-10-2013
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: D
• Next Hearing Date: 12-03-2015
• Assessment Year: 2001-2002
• Appeal Filed On: 09-02-2011
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: S K SINGH

Judgement Text

, INCOME TAX APPELLATE TRIBUNAL,MUMBAI - D BENCH. . .. . . .. . , ,, , !'# !'# !'# !'# , ' ' ' ' BEFORE S/SH. I.P. BANSAL,JUDICIAL MEMBER & RAJENDRA ,ACCOUNTANT MEMBER /. ITA NO.1208/MUM/2011 , $ $ $ $ % % % % / ASSESSMENT YEAR-2001-02 M.L. DAMANI SECURITIES PVT. LTD. MOTI MAHAL, 7 TH FLOOR, SANKAR JAI KISHAN CHOWK, 195, J.TATA ROAD, CHURCHGATE, MUMBAI-400020 VS. ASST. CIT CIR 4(3) AAYAKAR BHAVAN, M.K.ROAD, MUMBAI-400020 PAN:AAACK1802H ( &' / APPELLANT) ( ()&' / RESPONDENT) &' &' &' &' * * * * ' '' ' / APPELLANT BY : NONE ()&' + * ' / RESPONDENT BY : SHRI S.K.SINGH $ $ $ $ + ++ + , , , , / DATE OF HEARING : 09-10-2013 -.% + , / DATE OF PRONOUNCEMENT : 09-10-2013 $ $ $ $ , 1961 + ++ + 254 )1( ' '' ' ,/, ,/, ,/, ,/, '0 '0 '0 '0 ORDER U/S.254(1)OF THE INCOME-TAX ACT,1961(ACT) PER RAJENDRA, AM ASSESSEE HAD FILED THREE GROUNDS OF APPEAL AGAINST THE ORDER DATED 08-12-2010 OF THE CIT(A)-10, MUMBAI. 2. ASSESSEE WAS INFORMED THAT MATTER WOULD BE HEARD ON 09-10-2013.DURING THE COURSE OF HEARING NOBODY APPEARED BEFORE US,NOR WAS ANY APPLI CATION FOR ADJOURNING THE CASE WAS FILED BY THE ASSESSEE.IN VIEW OF ABOVE, IT APPEARS THAT ASSE SSEE IS NOT INTERESTED IN PROSECUTING THIS APPEAL.HENCE THIS APPEAL OF THE ASSESSEE IS LIABLE TO BE DISMISSED FOR NON-PROSECUTION.IN THIS REGARD, WE ARE SUPPORTED BY THE DECISION IN THE CAS E OF CIT VS. B.N. BHATTACHARGEE AND ANOTHER, REPORTED IN 118 ITR 460 (RELEVANT PAGES 477 & 478) WHEREIN THEIR LORDSHIPS HAVE HELD THAT: THE APPEAL DOES NOT MEAN MERELY FILING OF THE AP PEAL BUT EFFECTIVELY PURSUING IT. IN THIS REGARD WE ARE ALSO SUPPORTED BY THE DECISIO N IN THE CASE OF CIT VS MULTIPLAN INDIA (P) LTD., 38 ITD 320 (DEL) AND FURTHER THE DECISION OF THE HONBLE BOMBAY HIGH COURT DATED 17.09.2010 IN THE CASE OF M/S. CHEMIPOL VS. UNION O F INDIA IN CENTRAL EXCISE APPEAL NO. 62 OF 2009.IN VIEW OF THE ABOVE, AND ALSO CONSIDERING THE PROVISION OF RULE 19 OF THE APPELLATE TRIBUNAL RULES, 1963, APPEAL OF THE ASSESSEE IS DIS MISSED. IN THE RESULT, APPEAL OF THE ASSE SSEE IS DISMISSED FOR NON- PROSECUTION. 1 2 $1, 3 4 + / $!5 + !, 67 . ORDER PRONOUNCED IN THE OP EN COURT ON 9 TH OCTOBER, 2013. 2 ITA NO.1208/MUM/2011 M.L. DAMANI SECURITIES PVT. LT D. '0 + -.% ' 8 VDVW VDVW VDVW VDVW 9 , ,, , 2013 . + /. SD/- SD/- ( . .. . . .. . . I.P. BANSAL ) ( !'# !'# !'# !'# / RAJENDRA ) / JUDICIAL MEMBER ' ' ' ' /ACCOUNTANT MEMBER / MUMBAI, 9$ /DATE: 09.10.2013 SK '0 '0 '0 '0 + ++ + (,: (,: (,: (,: ;':%, ;':%, ;':%, ;':%, / COPY OF THE ORDER FORWARDED TO : 1. ASSESSEE / &' 2. RESPONDENT / ()&' 3. THE CONCERNED CIT(A)/ < = , 4. THE CONCERNED CIT / < = 5. DR D BENCH, ITAT, MUMBAI / :>/ (,$ , . . . 6. GUARD FILE/ / ? ):, (, //TRUE COPY// '0$ / BY ORDER, @ / 6 ! DY./ASST. REGISTRAR , /ITAT, MUMBAI