Krishna Co-operative Credit Society , Bagalkot V. Income Tax Officer Ward-1 , Bagalkot

ITA 2844/BANG/2018

• Counselvise Citation: [2018] 119 COUNSELVISE.COM (IT) 4733 (ITAT-BANGALORE)
• Duration Of Justice: 14 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 29-10-2018
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: A
• Assessment Year: 2015-2016
• Appeal Filed On: 15-10-2018
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Section: 20

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL BENCH A SMC BEFORE SHRI JASON P BOAZ , ACCOUNTANT MEMBER I.T . A. NO. 2844 /BANG/20 1 8 (ASSESSMENT YEAR : 20 15 - 16 ) M/S. KRISHNA CO - OPERATIVE CREDIT SOCIETY, NEAR BUS STAND, BILAGI POST, DISTRICT BAGALKOT. . APPELLANT. PAN AABAK 4315N VS. INCOME TAX OFFICER , WARD 1, BAGALKOT. .. RESPONDENT. APPELL ANT BY : NONE. R E SPONDENT BY : S HRI SATYA SAI RATH, JT . CIT (D.R) DATE OF H EARING : 29.10 . 2018. DATE OF P RONOUNCEMENT : 29.10.2018. O R D E R PER SH RI JASON P BOAZ, A .M . : THIS APPEAL BY THE ASSESSEE IS DIRECTED AGAINST THE ORDER DT. 16.07.2018 OF COMMI SSIONER OF INCOME TAX (APPEALS) , B ELGAVI FOR THE ASSESSMENT YEAR 20 15 - 16 . 2. NONE HAS APPEARED ON BEHALF OF THE ASSESSEE WHEN THIS APPEAL WAS CA LLED FOR HEARING TODAY I.E. 29.10.2018 AND THEREFORE I AM SATISFIED THAT THE ASSESSEE IS NOT INTERESTED IN PURSUING THE PRESENT APPEAL. 2 IT A NO. 2844 /BANG/201 8 3. IN VIEW OF THE ABOVE, I AM OF THE OPINION THAT THE ASSESSEE IS NOT SERIOUSLY INTERESTED IN PURSUING THE APPEAL S ON HAND. THE LAW AIDS THOSE WHO ARE VIGILANT, NOT THOSE WHO SLEEP UPON THEIR RIGHTS. THIS PRINCIPLE IS EMBODIED IN WELL KNOWN DICTUM, VIGILANTIBUS ET NON DORMIENTIBUS SERV IUNT LEGES . CONSIDERING THE FACTS AND CIRCUMSTANCES OF THE CASE AND KEEPING IN VIEW THE PROVISIONS OF RULE 19(2) OF THE INCOME TAX APPELLATE TRIBUNAL RULES AS WERE CONSIDERED IN THE CASE OF CIT VS. MULTIPLAN INDIA LTD. (38 ITD 320) (DEL), THE APPEAL IS DISMISSED. 4 . IN THE RESULT, THE APPEAL OF THE ASSESSEE FOR ASSESSMENT YEAR S 2 0 15 - 16 IS DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON 29 TH OCT., 2018 . SD/ - ( JASON P BOAZ ) ACCOUNTANT MEMBER BANGALORE, DT. 29.10 . 2 01 8 . *REDDY GP 3 IT A NO. 2844 /BANG/201 8 COPY TO : 1. APPELLANT 2. RESPONDENT 3. C.I.T. 4. CIT(A) 5. DR, ITAT, BANGALORE. 6. GUARD FILE. ASSISTANT REGISTRAR INCOME TAX APPELLATE TRIBUNAL BANGALORE.