M/s Magrath Properties P. Ltd., V. A.C.I.T.,

ITA 226/BANG/2014

• Counselvise Citation: 22621114 RSA 2014
• Duration Of Justice: 10 month(s) 24 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 07-01-2015
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: C
• Next Hearing Date: 19-10-2016
• Assessment Year: 2009-2010
• Appeal Filed On: 13-02-2014
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: BIJOY KUMAR PANDA
• Assessee Lawyers: N O N E
• Section: 2

Judgement Text

1 ITA NOS.226 & 227/BANG/2014 IN THE IN C O M E T A X A P P E LL A TE T R IBU N A L B A NG AL ORE B E N C H C B E FORE SH R I N.V. V A SU D E V A N , J UDI C I A L M EM B E R A ND SH R I JA SON P . B O A Z , A CC OUNT A NT M E M B E R I . T . A . N O S . 226 & 227 / B A N G / 2 0 1 4 ( A SS E S S MENT Y E A R : 2009 - 10 ) M/S. MAGRATH PROPERTIES (P) LTD., 1 ST FLOOR, EMB ASSY POINT, 150, INFANTRY ROAD, BANGALORE - 560 005 PAN AACCM 6577D VS. ASST. COMMISSIONER OF IN C OME T A X, CIRCLE 12(1), B A N GA L O R E . A PP E L L A NT R E S P ONDE N T . A PP E L L A NT BY : N ON E . R E S P ONDE N T BY : S H R I B I J OY K U M A R P A ND A . D AT E OF H E A R I NG : 5.1.2015. . D AT E OF P R ONOU N C EMENT : 5.1.2015 . O R D E R P E R BENCH : T H ESE ARE APPEAL S F I L ED BY T HE A S S E SS E E ARE D I R EC T ED A G A I N S T T HE OR D E R S O F T HE C O MM I SS I O NER O F I NC O M E - T AX (APPEA L S ) - III, BANGALORE BOTH DT.22.11.2013, FOR ASSESSMENT YEAR 2009 - 10. 2 . AT T HE T I ME O F HEA RI N G , I T I S N O T I CED T HAT T HE APPEAL S WERE F I X ED F O R HEA RI NG T O DAY I . E. O N 5.1.2015 AND THAT N O NE A P PEA R ED F O R T HE A S S E S S EE T H O U G H N O T I CE S HAD BEEN D U L Y S E R V ED O N T HE A S S E SS E E . I N V I EW O F T HE S AME, WE A R E O F T HE O P I N IO N T HAT T HE A S S E S S EE I S N O T S E R IO U S L Y I NTE R E S T ED I N PU R S U I NG T HE SE APPE A L S . T HE L AW A I DS T H O S E WHO A R E V I G I L AN T , N O T T H O S E WHO S L EEP UP O N T HE I R R I G HT S . T H I S P R I N C I P L E I S E MB O D I ED I N THE WELL K N O WN 2 ITA NOS.226 & 227/BANG/2014 D I C T UM, V IGI LAN T I BUS E T NON D ORM I E N T I BUS JURA SUB VE N I U N T . C O N S I D E RI N G T HE F AC T S AND C I R CUM ST ANCES O F T HE CA S E AND K EEP I N G I N V I EW T HE P R O V I S IO NS O F R U L E 1 9 ( 2 ) O F T HE I NC O M E - T AX APPE L L A T E T R I BUNAL R U L ES AS WERE C O N S I DE R ED I N T HE CA S E O F C I T V S . M U L T I P L A N IND I A L T D. , ( 3 8 I T D 3 20 )(DE L ) , WE D I S M I S S T H ESE APPEAL S F O R N O N - P RO S ECU T I O N. 3 . I N T HE R E S U L T , T HE APPEAL S O F T HE A S S E S S EE ARE D I S M I SS ED. O R D E R P R ONOUN C ED I N TH E O P EN C O U RT ON 5 TH JAN., 2015 . SD/ - SD/ - ( N.V. V A SUD E V A N ) ( JA S ON P BO A Z ) J UD I C I A L M EMB E R AC C OUN T A NT M EMBER * R EDDY G P C O P Y T O : 1 . A PP E L L A NT 2. R E S P O NDE N T 3. C . I . T. 4. C IT ( A ) 5. D R , - C BEN C H . 6. GU A R D F I L E. ( T R UE C O P Y) BY O R D E R A SS T . R E G I S T R A R, IT A T, B A N G AL O R E