LONGRANGE COMMODITIES PVT. LTD., MUMBAI V. PR. CIT -8, MUMBAI, MUMBAI

ITA 335/MUM/2022

AI Insights

This case involves an appeal by Longrange Commodities Pvt. Ltd. against the order of the Principal Commissioner of Income Tax-08, Mumbai, which was passed under section 263 of the Income Tax Act, 1961 for the assessment year 2017-18. The appeal was heard by the Income Tax Appellate Tribunal, Mumbai. The Tribunal noted that the Assessing Officer had already implemented the PCIT's order through a re-assessment order. Despite multiple notices, no representative appeared on behalf of the assessee, leading the Tribunal to dismiss the appeal ex-parte.

• Counselvise Citation: [2022] 140 COUNSELVISE.COM (IT) 124785 (ITAT-MUMBAI)
• Duration Of Justice: 8 month(s) 5 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 27-11-2022
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: A
• Next Hearing Date: 02-11-2022
• Assessment Year: misc
• Appeal Filed On: 22-03-2022
• Laws Referred To: Income Tax Act, 1961
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Section: 263; 143(3)

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL “A” BENCH, MUMBAI BEFORE SHRI ABY T. VARKEY, JM AND SHRI S. RIFAUR RAHMAN, AM आयकर अपील सं/ I.T.A. No.335/Mum/2022 (निर्धारण वर्ा / Assessment Years: 2017-18) M/s. Longrange Commodities Pvt. Ltd. Office No. 525-527 Carnac Bunder, 5 th Floor, 49, P.D.P. Mello Road, Nav Vyapar Bhawan, Mumbai-400009. बिधम/ Vs. PCIT-8 Room No. 611, 6 th Floor, Aayakar Bhawan, Maharishi Karve Road, Mumbai-400020. स्थधयी लेखध सं./जीआइआर सं./PAN/GIR No. : AABCL6621J (अपीलार्थी /Appellant) .. (प्रत्यर्थी / Respondent) सुनवाई की तारीख / Date of Hearing: 03/11/2022 घोषणा की तारीख /Date of Pronouncement: 28/11/2022 आदेश / O R D E R PER ABY T. VARKEY, JM: This is an appeal preferred by the assessee against the order of the Ld. Principal Commissioner of Income Tax-08, Mumbai dated 22.02.2021 for assessment year 2017-18 passed under section 263 of the Income Tax Act, 1961 (hereinafter referred to as “the Act”). 2. At the outset, the Ld. CIT-DR brought to our notice that this is an appeal preferred by the assessee against the order of the Ld. PCIT u/s 263 of the Act dated 22.02.2021; and the AO has already given effect to the order of the Ld. PCIT by passing the re-assessment order dated 28.03.2022 and has placed before us the copy of re-assessment order dated 28.03.2022 passed by AO u/s 143(3) read with section 263 of the Act. Therefore, according to the Ld. CIT-DR, the appeal of the assessee challenging the action of Ld. PCIT has become infructuous in Assessee by: None Revenue by: Smt. Shailja Rai (DR) ITA No.335/Mum/2022 A.Y. 2017-18 Longrange Commodities Pvt. Ltd. 2 the light of the aforesaid facts. We note that despite notice none- appeared on behalf of the assessee on 11.08.2022 as well as 02.11.2022. Therefore, we are inclined to dispose of the appeal ex- parte qua assessee and in the light of the subsequent development that the AO has already given effect to the impugned order of the Ld. PCIT. Therefore, without going into the merits of the grounds raised by the assessee which are left open, we dismiss the appeal of the assessee. 6. In the result, the appeal of the assessee stands dismissed. Order pronounced in the open court on this 28/11/2022. Sd/- Sd/- (S. RIFAUR RAHMAN) (ABY T. VARKEY) ACCOUNTANT MEMBER JUDICIAL MEMBER Mumbai; Dated 28/11/2022. Vijay Pal Singh, (Sr. PS) ITA No.335/Mum/2022 A.Y. 2017-18 Longrange Commodities Pvt. Ltd. 3 आदेश की प्रनिनलनि अग्रेनर्ि/Copy of the Order forwarded to : आदेशधिुसधर/ BY ORDER, सत्यापपत प्रपत //True Copy// उि/सहधयक िंजीकधर /(Dy./Asstt. Registrar) आयकर अिीलीय अनर्करण, मुंबई / ITAT, Mumbai 1. अपीलार्थी / The Appellant 2. प्रत्यर्थी / The Respondent. 3. आयकर आयुक्त(अपील) / The CIT(A)- 4. आयकर आयुक्त / CIT 5. पवभागीय प्रपतपनपि, आयकर अपीलीय अपिकरण, मुंबई / DR, ITAT, Mumbai 6. गार्ड फाईल / Guard file.