M/s The Karimnagar District Co-operative Central Bank Ltd., Karimnagar V. JCIT, Karimnagar

ITA 427/HYD/2010

• Counselvise Citation: [2012] 140 COUNSELVISE.COM (IT) 59314 (ITAT-HYDERABAD)
• Duration Of Justice: 1 year(s) 11 month(s) 27 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 15-03-2012
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: B
• Next Hearing Date: 07-02-2011
• Assessment Year: 2006-2007
• Appeal Filed On: 19-03-2010
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: B V PRASAD REDDY

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD BENCH B', HYDERABAD BEFORE SHRI CHANDRA POOJARI, ACCOUNTANT MEMBER AND SHRI SAKTIJIT DEY, JUDICIAL MEMBER I.T.A. NO. 427/HYD/2010 (ASSESSMENT YEAR : 2006-07) M/S. THE KARIMNAGAR DISTRICT CO-OPERATIVE CENTRAL BANK LTD., KARIMNAGAR PAN: AABAT0905H VS. JT. COMMISSIONER OF INCOME - TAX, KARIMNAGAR RANGE, KARIMNAGAR APPELLANT RESPONDENT APPELLANT BY: NONE RESPONDENT BY: SHRI B.V. PRASAD REDDY DATE OF HEARING: 15 . 03 .201 2 DATE OF PRONOUNCEMENT: 15.03.2012 O R D E R PER CHANDRA POOJARI, AM: THIS APPEAL BY THE ASSESSEE IS DIRECTED AGAINST TH E ORDER OF THE CIT(A)-III, HYDERABAD DATED 29.12.2009. 2. THIS APPEAL WAS LAST POSTED FOR HEARING ON 9.12.201 1 AND WAS ADJOURNED TO 15.3.2012 WITH NOTICE TO BOTH PART IES. HOWEVER, ON THE DATE OF HEARING I.E., 15.03.2012 NONE APPEAR ED ON BEHALF OF THE ASSESSEE OR ANY PETITION SEEKING ADJOURNMENT OF THE HEARING WAS FILED. THIS CONDUCT OF THE ASSESSEE SHOWS THAT THE ASSESSEE IS NOT INTERESTED IN PROSECUTING ITS APPEAL. FOLLOWIN G THE RATIO LAID DOWN BY THE DELHI BENCH OF THIS TRIBUNAL IN CIT V. MULTIPLAN INDIA LIMITED REPORTED IN 38 ITD 320, THE APPEAL OF THE A SSESSEE IS NOT ADMITTED AND DISMISSED IN LIMINE. 3. HOWEVER, THE ASSESSEE IS AT LIBERTY TO FILE A PETIT ION FOR RECALLING THIS ORDER, IF THERE IS SUFFICIENT CAUSE FOR NON-APPEARANCE ON THE DATE OF HEARING I.E., ON 15.3.2012. I.T.A. NO. 427/HYD/2010 M/S. THE KARIMNAGAR DISTRICT CO-OPERATIVE CENTRAL BANK LTD. ======================= 2 4. IN THE RESULT, APPEAL OF THE ASSESSEE IS DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON 15 TH MARCH, 2012. SD/ - (SAKTIJIT DEY) JUDICIAL MEMBER SD/ - (CHANDRA POOJARI) ACCOUNTANT MEMBER HYDERABAD, DATED THE 15 TH MARCH, 2012 COPY FORWARDED TO: 1. M/S. THE KARIMNAGAR DISTRICT CO - OPERATIVE CENTRAL BANK LTD., C/O. M/S. NAGESHWAR SHARMA ASSOCIATES, CHARTE RED ACCOUNTANTS, H.NO. 9-1-121, 2 ND FLOOR, AKSHAYA VILLA, BHAGATH NAGAR, KARIMNAGAR-505 001. 2. THE JOINT COMMISSIONER OF INCOME - TAX, KARIMNAGAR RANGE, KARIMNAGAR. 3. THE CIT(A) - III, HYDERABAD 4 . THE CIT - II, HYDERABAD. 5. THE DR B BENCH, ITAT, HYDERABAD. TPRAO