Chanakya Finance Corporation, V. ITO,

ITA 1624/BANG/2013

• Counselvise Citation: [2016] 131 COUNSELVISE.COM (IT) 9244 (ITAT-BANGALORE)
• Duration Of Justice: 2 year(s) 11 month(s) 27 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 23-11-2016
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: A
• Next Hearing Date: 28-09-2016
• Assessment Year: 2007-2008
• Appeal Filed On: 26-11-2013
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: KAMALADHAR HEARD ON P

Judgement Text

ITA.1624/BANG/2013 PAGE - 1 IN THE INCOME TAX APPELLATE TRIBUNAL BENGALURU BENCH 'A', BENGALURU BEFORE SHRI. VIJAY PAL RAO, JUDICIAL MEMBER AND SHRI. S. JAYARAMAN, ACCOUNTANT MEMBER I.T.A NO.1624/BANG/2013 (ASSESSMENT YEAR : 2007-08) M/S. CHANAKYA FINANCE CORPORATION, NO.381, B. N. STREET, MANDI MOHALLA, MYSURU .. APPELLANT PAN : AFCPR5285B V. INCOME-TAX OFFICER, WARD 2(1), MYSURU .. RESPONDENT ASSESSEE BY : NONE REVENUE BY : SHRI. KAMALADHAR, STANDING COUNSEL HEARD ON : 28.09.2016 PRONOUNCED ON : 23.11.2016 O R D E R PER S. JAYARAMAN, ACCOUNTANT MEMBER : THIS IS AN APPEAL FILED BY ASSESSEE AGAINST AN ORDE R DT 31.01.2011 OF THE CIT (A), MYSURU, FOR THE A. Y. 2007-08. 02. WHEN THE APPEAL WAS CALLED UP FOR HEARING, NOBO DY APPEARED FOR ASSESSEE. IT IS SEEN FROM RECORDS THAT IN SPITE OF THE DATE OF HEARING BEING MENTIONED IN THE NOTICE OF HEARING, WHICH HAS BEEN ISSUED AND SERVED ON THE ASSESSEE BY REGISTERED POST WITH ACKNOWLEDGEMENT DU E, NOBODY WAS PRESENT ITA.1624/BANG/2013 PAGE - 2 ON THE DATE OF HEARING. IN THE CIRCUMSTANCES, WE A RE OF THE OPINION THAT THE ASSESSEE IS NOT INTERESTED IN PROSECUTING ITS CASE. WE DISMISS THE APPEAL FOLLOWING THE DECISION OF THE DELHI BENCH OF THE IT AT IN CIT V. MULTIPLAN INDIA P.LTD., (1991) 38 ITD 320 AND OF THE MADHYA PRADESH HIGH COURT IN THE CASE OF ESTATE OF LATE TUKOJI RAO HOLKAR V. CWT (1997) 2 23 ITR 480, AS THE APPEAL IS INFRUCTUOUS FOR NON-PROSECUTION. 03. IN THE RESULT, APPEAL OF THE ASSESSEE IS DISMIS SED. ORDER PRONOUNCED IN OPEN COURT ON 23 RD NOVEMBER, 2016. SD/- SD/- (VIJAY PAL RAO) (S. JAYARAMAN) JUDICIAL MEMBER A CCOUNTANT MEMBER MCN* COPY TO: 1. THE ASSESSEE 2. THE ASSESSING OFFICER 3. THE COMMISSIONER OF INCOME TAX 4. THE COMMISSIONER OF INCOME TAX (A) 5. DR 6. GF, ITAT, BANGALORE BY ORDER ASSISTANT REGISTRAR