M/s STI Products India Limited , Bangalore V. Assistant Commissioner of Income Tax Circle-1(3), Bangalore

ITA 2179/BANG/2018

• Counselvise Citation: [2019] 117 COUNSELVISE.COM (IT) 6037 (ITAT-BANGALORE)
• Duration Of Justice: 9 month(s) 19 day(s)
• Appeal Type: Income Tax (Transfer Pricing) Appeal
• Pronouncement Date: 01-05-2019
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: A
• Assessment Year: 2013-2014
• Appeal Filed On: 12-07-2018
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: KARUPPUSAMY S R

Judgement Text

IN THE INCOME TAX APPELLATE T RIBUNAL BANGALORE BENCH SMC-A, BANGALORE BEFORE SHRI A.K.GARODIA, ACCOUNANT MEMBER ITA NO. 2179 (BANG) 2018 (ASSESSMENT YEAR : 2013 14) M/S. STI PRODUCTS INDIA LIMITED, NO. 62, AGS LAYOUT, NEW BEL ROAD, BANGALORE 560032. PAN. AAECS1956N APPELLANT VS THE ACIT, CIRCLE - 1(3), BANGALORE. RESPONDENT ASSESSEE BY : NONE REVENUE BY : SHRI KARUPPUSAMY S. R., ADDL. CIT (DR) DATE OF HEARING : 01-08-2018 DATE OF PRONOUNCEMENT : 03-08-2018 O R D E R PER A. K. GARODIA, A.M.: THIS APPEAL IS FILED BY THE ASSESSEE AND IT IS DIR ECTED AGAINST THE ORDER OF CIT (A) 11, BANGALORE DATED 09.05.2018 FOR A. Y. 2013 14. 2. THIS APPEAL WAS FIXED FOR HEARING ON 01.08.2018 AND NOTICE WAS SENT BY RPAD. IT HAS COME BACK UNSERVED WITH THE REMARKS ADDRESE E LEFT. THE ASSESSEE HAS NOT PROVIDED ANY NEW ADDRESS. HENCE, T HE APPEAL WAS HEARD EX PARTE QUA THE ASSESSEE. LEARNED DR OF THE REVENUE S UPPORTED THE ORDER OF CIT (A). 3. I HAVE CONSIDERED THE SUBMISSIONS OF THE LEARNED DR OF THE REVENUE AND GONE THROUGH THE MATERIAL AVAILABLE ON RECORDS. I FIND THAT BEFORE CIT (A) ALSO, NONE APPEARED ON BEHALF OF THE ASSESSEE AND THEREFORE, T HE APPEAL OF THE ASSESSEE WAS DISMISSE4D BY CIT (A) BY STATING THAT THE ASSES SEE HAS NOT MADE REPRESENTATIONS IN SUPPORT OF ITS CASE IN APPELLATE PROCEEDINGS. AS PER THE ASSESSMENT ORDER, THE AO MADE AN ADDITION OF RS. 57 9,763/- U/S 68 BY STATING ITA NO. 2179(BANG)2018 2 THAT THE ASSESSEE HAS OFFERED NO EXPLANATION ABOUT SUCH AMOUNT APPEARING IN THE LIABILITY SIDE OF THE BALANCE SHEET. SIMILARLY, THE AO MADE ONE MORE ADDITION/DISALLOWANCE OF RS. 402,108/- BY OBSERVING THAT THE COMPANY IS NOT CARRYING OUT ANY BUSINESS DURING THE YEAR UNDER CON SIDERATION. UNDER THESE FACTS, I FIND NO REASON TO INTERFERE IN THE ORDER O F CIT (A). 4. IN THE RESULT, THE APPEAL OF THE ASSESSEE IS DIS MISSED. ORDER PRONOUNCED IN THE OPEN COURT ON THE DA TE MENTIONED ON THE CAPTION PAGE. SD/- (A. K. GARODIA) ACCOUNTANT MEMBER BANGALORE, DATED: 03.08.2018. MS* COPY TO: 1. APPELLANT 4. CIT(A) 2. RESPONDENT 5. DR, ITAT, BANGALORE 3. CIT 6. GUARD FILE BY ORDER SENIOR PRIVATE SECRETARY, INCOME TAX APPELLATE TRIBUNAL, BANGALORE.