NATIONAL BICYCLE CORPORATION OF INDIA LTD, MUMBAI V. DCIT CIR 7(1), MUMBAI

ITA 1863/MUM/2009

• Counselvise Citation: [2010] 136 COUNSELVISE.COM (IT) 7765 (ITAT-MUMBAI)
• Duration Of Justice: 10 month(s) 21 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 15-02-2010
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: B
• Assessment Year: 2004-2005
• Appeal Filed On: 24-03-2009
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: PRA BHAT JHA; S S RANA PEEYUSH JAIN
• Assessee Lawyers: A K PRADHAN

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCHES B, MUMBAI BEFORE SHRI R.S.SYAL, AM AND SHRI R.S.PADVEKAR, JM ITA NO.1863/MUM/2009 : ASST.YEAR 2004-2005 M/S.NATIONAL BICYCLE CORPORATION OF INDIA LIMITED, 250, WORLI, P.O.PRABHADEVI MUMBAI 400 030. PA NO.AAACN1788M. VS. THE DY.COMMISSIONER OF INCOME-TAX CIRCLE 7(1) MUMBAI. (APPELLANT) (RESPONDENT) APPELLANT BY : SHRI A.K.PRADHAN RESPONDENT BY : S/SHRI S.S.RANA, PEEYUSH JAIN & PRA BHAT JHA O R D E R PER : R.S.SYAL, AM : THIS APPEAL BY THE ASSESSEE ARISES OUT OF THE ORDER PASSED BY THE COMMISSIONER OF INCOME-TAX (APPEALS) ON 19.01.2009 IN RELATION TO THE ASSESSMENT YEAR 2004-2005. 2. AS PER THE REQUIREMENT OF LAW THE ASSESSEE COMPA NY IS REQUIRED TO OBTAIN COD FOR PROSECUTING THE APPEAL. THE ASSESSEE HAS NO T BROUGHT ON RECORD THE PERMISSION FROM COD TO PROSECUTE ITS APPEAL BEFORE THE TRIBUNAL. THE LEARNED COUNSEL FOR THE ASSESSEE HAS FAIRLY CONCEDED THAT N O PERMISSION HAS BEEN RECEIVED BY THE ASSESSEE FROM COD SO FAR. IN THE ABSENCE O F HAVING OBTAINED THE COD PERMISSION, WE DISMISS THE APPEAL FILED BY THE ASSE SSEE, IN LIMINE. IT IS HOWEVER MADE CLEAR THAT IF SUBSEQUENTLY THE APPROVAL FROM C OD IS OBTAINED, THE ASSESSEE MAY APPROACH THE TRIBUNAL FOR THE RESTORATION OF TH IS APPEAL. 3. IN THE RESULT, THE APPEAL IS DISMISSED. ORDER PRONOUNCED ON THIS 15 TH DAY OF FEBRUARY, 2010. SD/- SD/- ( R.S.PADVEKAR ) ( R.S.SYAL ) JUDICIAL MEMBER ACCOUNTANT ME MBER MUMBAI : 15 TH FEBRUARY, 2010. DEVDAS* ITA NO.1863/MUM/2009 M/S.NATIONAL BICYCLE CORPORATION OF INDIA LTD. 2 COPY TO : 1. THE APPELLANT. 2. THE RESPONDENT. 3. THE CIT CONCERNED 4. THE CIT(A) VII, MUMBAI. 5. THE DR/ITAT, MUMBAI. 6. GUARD FILE. TRUE COPY. BY ORDER ASSISTANT REGISTRAR, ITAT, MUMBAI. ITA NO.1863/MUM/2009 M/S.NATIONAL BICYCLE CORPORATION OF INDIA LTD. 3 DATE INITIAL 1. DRAFT DICTATED ON 12.02.2010 SR.PS 2. DRAFT PLACED BEFORE AUTHOR 15.02.2010 SR.PS 3. DRAFT PROPOSED & PLACED BEFORE THE SECOND MEMBER JM/AM 4. DRAFT DISCUSSED/APPROVED BY SECOND MEMBER. JM/AM 5. APPROVED DRAFT COMES TO THE SR.PS/PS SR.PS/PS 6. KEPT FOR PRONOUNCEMENT ON SR.PS 7. FILE SENT TO THE BENCH CLERK SR.PS 8. DATE ON WHICH FILE GOES TO THE HEAD CLERK. 9. DATE OF DISPATCH OF ORDER.