IDBI CAPITAL MARKET SERVICES LTD, MUMBAI V. DCIT RG 4(1), MUMBAI

ITA 3881/MUM/2009

• Counselvise Citation: [2010] 136 COUNSELVISE.COM (IT) 9359 (ITAT-MUMBAI)
• Duration Of Justice: 7 month(s) 3 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 19-01-2010
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: I
• Assessment Year: 2005-2006
• Appeal Filed On: 15-06-2009
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: H V JAIN

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCH I, MUMBAI. BEFORE SHRI SHRI J. SUDHAKAR REDDY, ACCOUNTANT MEMB ER AND SHRI V.D. RAO, JUDICIAL MEMBER. I.T.A. NO. 38 81/MUM/2009 ASSESSMENT YEAR : 2005-06. IDBI CAPITAL MARKET SERVICES LTD. D Y. COMMISSIONER OF 5 TH FLOOR, MAFATLAL CENTER, VS. INCOME TAX, NARIMAN POINT, MUMBAI-400 021. RAN GE-4(1), MUMBAI. PAN AAACI1268F APPELLANT RESPONDENT APPELLA NT BY : NONE. RESPONDENT BY : SHRI H.V. JAIN. O R D E R PER J. SUDHAKAR REDDY, A.M. THIS IS AN APPEAL FILED BY THE ASSESSEE. AT THE T IME OF HEARING, THE ASSESSEE FILED WRITTEN SUBMISSION AS F OLLOWS: THE APPELLANT IS A SUBSIDIARY OF IDBI BANK LTD. WHICH IS A PUBLIC SECTOR UNDERTAKING AND IS ACCORDINGLY, R EQUIRED TO OBTAIN COD CLEARANCE. THE APPELLANT HAS NOT OBTAINED SUCH CLEARANCE AND THERE IS NO LIKELIHOOD OF OBTAINING SUCH CERTIFICATE IN FU TURE. THE HONOURABLE BENCH MAY KINDLY TAKE THE AFORESAI D FACT INTO CONSIDERATION IN DECIDING THE APPEAL. 2. IN VIEW OF THE ABOVE, WE DISMISS THIS APPEAL FO R WANT OF COD. 2 3. IN THE RESULT, THE ASSESSEES APPEAL IS DISMISS ED. ORDER PRONOUNCED ON THIS 19 TH DAY OF JANUARY, 2010. SD/- SD/- (V.D. RAO) (J. SUDHAKARY REDDY) JUDICIAL MEMBER. ACCOUNTANT MEMBER. MUMBAI, DATED : 19 TH JANUARY, 2010. WAKODE COPY FORWARDED TO : 1. APPLICANT 2. RESPONDENT 3. C.I.T. 4. CIT(A) 5. DR, I-BENCH (TRUE COPY) BY ORDER ASSTT.REGISTRAR, ITAT, MUMBAI BENCHES