GIFT HOLDINGS P. LTD, MUMBAI V. ITO WD 8(1)(4), MUMBAI

ITA 1635/MUM/2011

• Counselvise Citation: [2014] 140 COUNSELVISE.COM (IT) 75279 (ITAT-MUMBAI)
• Duration Of Justice: 2 year(s) 10 month(s) 26 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 21-01-2014
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: G
• Assessment Year: 2002-2003
• Appeal Filed On: 25-02-2011
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: R K SAHU
• Assessee Lawyers: M A GOHEL
• Keywords: Gift; Condonation of delay

Judgement Text

, IN THE INCOME TAX APPELLATE TRIBUNAL G B ENCH, MUMBAI . . , , ! '#$% , & ' BEFORE SHRI B.R. MITTAL, JM AND SHRI N.K. BILLAI YA, AM ./ I.T.A. NOS.1635 & 1636/MUM/2011 ( ( ( ( ( / ASSESSMENT YEARS : 2002-03 & 2003-04 M/S. GIFT HOLDING PVT. LTD., 1, MERMAID JUHU TARA ROAD, JUHU, MUMBAI-400 049 / VS. THE ITO, WARD 8(1)(4), MUMBAI ) & ./ * ./ PAN/GIR NO. :AABCG 5854E ( )+ / APPELLANT ) .. ( ,-)+ / RESPONDENT ) )+ . / APPELLANT BY: SHRI M.A. GOHEL ,-)+ / . / RESPONDENT BY: SHRI R.K. SAHU / 01& / DATE OF HEARING :21.01.2014 23( / 01& / DATE OF PRONOUNCEMENT :21. 01.2014 4 / O R D E R PER N.K. BILLAIYA, AM: THESE TWO APPEALS BY THE ASSESSEE ARE FILED AGAINST TWO SEPARATE ORDERS OF THE LD. CIT(A)-VIII, MUMBAI PERTAINING TO A.YRS. 2002-03 & 2003-04. ITA NOS1635 & 1636/M/11. 2 2. THE APPEAL FOR A.Y. 2002-03 IS BARRED BY 2055 DA YS AND APPEAL OF A.Y. 2003-04 IS BARRED BY 1314 DAYS. THE ASSESSEE HAS FILED LETTER REQUESTING FOR THE CONDONATION OF DELAY SUPPORTED B Y AN AFFIDAVIT. 3. WE HAVE CAREFULLY PERUSED THE CONTENTS OF THE AF FIDAVIT FOR BOTH THE YEARS. THE REASONS GIVEN BY THE ASSESSEE ARE GENER AL AND DO NOT JUSTIFY THE DELAY IN FILING THE APPEAL, ACCORDINGLY, BOTH T HE APPEALS ARE DISMISSED ON ADMISSION. 4. BEFORE US, THE LD. COUNSEL FOR THE ASSESSEE FAIR LY CONCEDED THAT THE ISSUE INVOLVED HAS BEEN DECIDED AGAINST THE ASSESSE E BY THE TRIBUNAL IN ASSESSEES OWN CASE IN A.Y. 2001-02 VIDE ITA NO. 63 30/M/03 AND IN A.Y. 2004-05 VIDE ITA NO. 7731/M/07. AFTER CONSIDE RING THE DECISIONS OF THE TRIBUNAL, WE FIND THAT THE ISSUE HAS BEEN DE CIDED AGAINST THE ASSESSEE BY THE TRIBUNAL. THEREFORE, ON MERIT ALSO , THE APPEALS FILED BY THE ASSESSEE ARE DISMISSED. 5. IN THE RESULT, THE APPEALS FILED BY THE ASSESSEE ARE DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON 21.01.2014 . 4 / 3( & 5 67 21.01.2014 3 / 8 SD/- SD/- (B.R. MITTAL ) (N.K. BILLAIYA) /JUDICIAL MEMBER & / ACCOUNTANT MEMBER MUMBAI; 6 DATED 21/01/2014 . . ./ RJ , SR. PS ITA NOS1635 & 1636/M/11. 3 4 4 4 4 / // / ,0' ,0' ,0' ,0' 9 '(0 9 '(0 9 '(0 9 '(0 / COPY OF THE ORDER FORWARDED TO : 1. )+ / THE APPELLANT 2. ,-)+ / THE RESPONDENT. 3. : ( ) / THE CIT(A)- 4. : / CIT 5. ';8 ,0 , , / DR, ITAT, MUMBAI 6. 8< = / GUARD FILE. 4 4 4 4 / BY ORDER, -'0 ,0 //TRUE COPY// > >> > / ? ? ? ? (DY./ASSTT. REGISTRAR) , / ITAT, MUMBAI