MANGLA CAPITAL SERVICS PVT. LTD, MUMBAI V. I.T.O.3(2)(1), MUMBAI

ITA 1696/MUM/2011

• Counselvise Citation: [2018] 125 COUNSELVISE.COM (IT) 9680 (ITAT-MUMBAI)
• Duration Of Justice: 7 year(s) 29 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 28-03-2018
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: SMC
• Assessment Year: 2003-2004
• Appeal Filed On: 01-03-2011
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: T A KHAN

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL, MUMBAI BENCH B, MUMBAI BEFORE SHRI JOGINDER SINGH, JUDICIAL MEMBER AND SHRI RAJESH KUMAR, ACCOUNTANT MEMBER ITA NO.1696/M/2011 ASSESSMENT YEAR: 2003-04 M/S. MANGLA CAPITAL SERVICES PVT. LTD., 162-C, MITTAL TOWER, NARIMAN POINT, MUMBAI-400 021 PAN: AAACM6025C VS. ITO 3(2)(1), MUMBAI (APPELLANT) (RESPONDENT) PRESENT FOR: ASSESSEE BY : NONE REVENUE BY : SHRI T.A. KHAN, D.R. DATE OF HEARING : 25.01.2018 DATE OF PRONOUNCEMENT : 28.03.2018 O R D E R PER RAJESH KUMAR, ACCOUNTANT MEMBER: THE PRESENT APPEAL HAS BEEN PREFERRED BY THE ASSES SEE AGAINST THE ORDER DATED 31.12.2010 OF THE COMMISSIONE R OF INCOME TAX (APPEALS) [HEREINAFTER REFERRED TO AS TH E CIT(A)] RELEVANT TO ASSESSMENT YEAR 2003-04. 2. AT THE OUTSET, WE WOULD LIKE TO MENTION THAT NEIT HER THE ASSESSEE NOR THE AUTHORISED REPRESENTATIVE OF THE A SSESSEE APPEARED BEFORE THE BENCH WHEN THE CASE WAS CALLED FOR HEARING, NOR ANY APPLICATION FOR ADJOURNMENT OF THE CASE WAS RECEIVED DESPITE SERVICE OF NOTICES AND GRANTING SE VERAL OPPORTUNITIES FROM TIME TO TIME TO THE ASSESSEE. TH E HEARING ITA NO.1696/M/2011 M/S. MANGLA CAPITAL SERVICES PVT. LTD. 2 OF THE CASE LISTED ON 12.05.2014 AND THEREAFTER ADJ OURNED TO 31.07.14, 28.10.14, 31.12.14, 10.03.15, 01.07.15, 20.07.15, 08.08.16, 19.12.16, 29.04.17, 03.07.17, 04.07.17 AND THEREAFTER ADJOURNED TO 30.10.17. EVEN ON 30.10.17 NONE APPEARED AND THE HEARING WAS ADJOURNED TO TODAY. UN DER THESE CIRCUMSTANCES, WE ARE LEFT WITH NO OPTION BUT TO DISPOSE OF THE MATTER AFTER HEARING THE LD. D.R. AND AFTER C ONSIDERING THE MERITS OF THE CASE. 3. WE HAVE PERUSED THE ORDER OF THE LD. CIT(A) AND HEARD THE LD. D.R. ON VARIOUS ISSUES RAISED BY THE ASSESSEE . WE OBSERVE THAT ON EACH AND EVERY ISSUE THE LD. CIT(A) PASSED THE ORDER ON MERIT AND REACHED A CONCLUSION AFTER C ONSIDERING THE SUBMISSIONS OF THE ASSESSEE. NOW NOTHING HAS B EEN BROUGHT TO CONTROVERT THE FINDINGS OF THE LD. CIT(A) . WE, THEREFORE, DO NOT FIND ANY INFIRMITY IN THE ORDER O F THE LD. CIT(A) AND ACCORDINGLY AFFIRM THE SAME. 4. IN THE RESULT, APPEAL OF THE ASSESSEE IS DISMISSE D. ORDER PRONOUNCED IN THE OPEN COURT ON 28.03.2018. SD/- SD/- (JOGINDER SINGH) (RAJESH KUMAR) JUDICIAL MEMBER ACCOUNTANT MEMBER MUMBAI, DATED: 28.03.2018. * KISHORE, SR. P.S. COPY TO: THE APPELLANT THE RESPONDENT THE CIT, CONCERNED, MUMBAI THE CIT (A) CONCERNED, MUMBAI ITA NO.1696/M/2011 M/S. MANGLA CAPITAL SERVICES PVT. LTD. 3 THE DR CONCERNED BENCH //TRUE COPY// [ BY ORD ER DY /ASSTT. REGISTRAR, ITAT, MUMBAI.