GLOBSYN INFOTECH LTD ( PRESENTLY KNWON AS SECURE TECHNOLOGIES LTD), MUMBAI V. DCIT 7(2), MUMBAI

ITA 3207/MUM/2013

• Counselvise Citation: [2015] 134 COUNSELVISE.COM (IT) 2283 (ITAT-MUMBAI)
• Duration Of Justice: 2 year(s) 7 month(s) 7 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 03-12-2015
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: G
• Next Hearing Date: 03-12-2015
• Assessment Year: 2003-2004
• Appeal Filed On: 26-04-2013
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: ANU K AGGARWAL

Judgement Text

, IN THE INCOME TAX APPELLATE TRIBUNAL G BENCH, MUMBAI . . , , BEFORE S/SHRI B.R.BASKARAN, ACCOUNTANT MEMBER AND SHRI SANDEEP GOSAIN, J UDICIAL MEMBER ./ I.T.A. NO. 3207 /MUM/ 201 3 ( / ASSESSMENT YEAR : 200 3 - 04 ) GLOBSYN INFOTECH LIMITED (PRESENTLY KNOWN AS SECURE EARTH TECHNOLOGIES LIMITED), 407 , DALAL TOWER, FREE PRESS JOURNAL ROAD, NARIMAN POINT , MUMBAI - 400021 / VS. DY. COMMISSIONER OF INCOME TAX 7(2), AAYAKAR BHAVAN, M K ROAD, MUMBAI - 400020 ./ PAN : AABCS9108H ( / APPELLANT ) .. ( / RESPONDENT ) / APPELLANT BY : NONE / RESPONDENT BY : SMT.ANU K AGGARWAL / DATE OF HEARING : 3 .12. 2015 / DATE OF PRONOUNCEMENT : 3 .12. 2015 O R D E R PER B.R.BASKARAN,AM : THE ASSESSEE HAS FILED THIS APPEAL CHALLENG ING THE ORDER DATED 19 - 07 - 2007 PASSED BY LD CIT(A) - VII, MUMBAI FOR ASSESSMENT YEAR 2003 - 04, WHEREIN HE HAS CONFIRMED THE DISALLOWANCE OF EXPENSES OF RS.1.87 CRORES MADE BY THE ASSESSING OFFICER. 2. NONE APPEARED ON BEHALF OF THE ASSESSEE EVEN THOUGH THE NOTICE OF HEARING WAS SENT BY RPAD ON MORE THAN ONE OCCASION. HENCE WE PROCEED TO DISPOSE OF THIS APPEAL EX - PARTE, WITHOUT THE PRESENCE OF THE ASSESSEE. ITA NO. 3207 / / MUM/ 201 3 2 3. WE HEARD LD D.R AND PERUSED THE RECORD. THE ASSESSEE COMPANY IS ENGAGED IN SOFTWARE DEVEL OPMENT. DURING THE COURSE OF ASSESSMENT PROCEEDINGS, THE AO ASKED THE ASSESSEE TO SUBSTANTIATE THE CLAIM OF EXPENSES. HOWEVER, THE ASSESSEE FAILED TO FURNISH THE DETAILS THAT WERE CALLED FOR BY THE AO AND HENCE THE ASSESSING OFFICER DISALLOWED A SUM OF RS .2.82 CRORES OUT OF THE EXPENSES. THE LD CIT(A) GAVE PARTIAL RELIEF AND STILL AGGRIEVED, THE ASSESSEE HAS FILED THIS APPEAL BEFORE US. 4. WE NOTICE THAT THE LD CIT(A) WAS CONSTRAINED TO CONFIRM THE ADDITIONS FOR WANT OF DETAILS. BEFORE US ALSO, THE AS SESSEE HAS FAILED TO FURNISH ANY DETAILS. HENCE, WE HAVE NO OTHER OPTION BUT TO CONFIRM THE ORDER OF LD CIT(A). 5. IN THE RESULT, THE APPEAL FILED BY THE ASSESSEE IS DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON 3RD DEC 2015 . S D SD ( / SANDEEP GOSAIN ) ( . . / B.R.BASKARAN) /JUDICIAL MEMBER /ACCOUNTANT MEMBER MUMBAI ; DATED .. 3RD DEC,2015 . . ./ SRL , SR. PS / COPY OF THE ORDER FORWARDED TO : 1. / THE APPELLANT 2. / THE RESPONDENT. 3. ( ) / THE CIT(A) - CONCERNED 4. / CIT CONCERNED 5. , , / DR, ITAT, MUMBAI CONCERNED 6. / GUARD FILE. / BY ORDER, TRUE COPY (ASSTT. REGISTRAR) , /ITAT, MUMBAI