M/s P Venkanna & Co. Pvt. Ltd., Palakol V. The ACIT, Circle-1, Eluru

ITA 498/VIZ/2009

• Counselvise Citation: [2010] 136 COUNSELVISE.COM (IT) 6982 (ITAT-VISAKHAPATNAM)
• Duration Of Justice: 4 month(s) 27 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 31-03-2010
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: DB
• Next Hearing Date: 07-10-2010
• Assessment Year: 2005-2006
• Appeal Filed On: 03-11-2009
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: G S S GOPINATH
• Assessee Lawyers: N O N E
• Section: 2

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL VISAKHAPATNAM BENCH, VISAKHAPATNAM BEFORE: SHRI SUNIL KUMAR YADAV, JUDICIAL MEMBER AND SHRI BR BASKARAN, ACCOUNTANT MEMBER ITA NO.498/VIZAG/2009 ASSESSMENT YEAR : 2005-06 M/S. P. VENKANNA & CO. PVT. LTD., PALAKOL ACIT, CIRCLE-1 ELURU (APPELLANT) VS. (RESPONDENT) PAN NO.AACCP 2762R APPELLANT BY: N O N E RESPONDENT BY: SHRI G.S.S. GOPINATH, DR ORDER PER SHRI S.K. YADAV, JUDICIAL MEMBER:- THIS APPEAL IS PREFERRED BY THE ASSESSEE AGAINST T HE ORDER OF THE CIT ON DIFFERENT GROUNDS. THIS APPEAL CAME UP FOR HEAR ING ON 24.3.2010 BUT NONE APPEARED ON BEHALF OF THE ASSESSEES. 2. FROM A CAREFUL PERUSAL OF THE RECORD, WE FIND TH AT NOTICE OF HEARING WAS DULY ISSUED UPON THE ASSESSEES AND DESPITE SERV ICE OF NOTICE, NONE APPEARED ON BEHALF OF THE ASSESSEES. WE THEREFORE HAD NO OTHER OPTION EXCEPT TO HEAR THE APPEAL EX-PARTE AND ACCORDINGLY THE REVENUE WAS HEARD. WE HAVE CAREFULLY EXAMINED THE ORDER OF THE CIT ON THE IMPUGNED ISSUES AND WE FIND THAT CIT HAS ADJUDICATED ALL THE ISSUES IN DETAIL IN ITS ORDER. SINCE NO INFIRMITY IS NOTICED IN THE ORDER OF THE CIT, WE CO NFIRM THE SAME. 3. IN THE RESULT, THE APPEAL OF THE ASSESSEE IS DISM ISSED. PRONOUNCED IN THE OPEN COURT ON 31.3.2010 SD/- SD/- (BR BASKARAN) (SUNIL KUMAR YADAV) ACCOUNTANT MEMBER JUDICIAL MEMBER VG/SPS VISAKHAPATNAM, DATED 31 ST MARCH, 2010 2 COPY TO 1 M/S. P. VENKANNA & CO. PVT. LTD., LACE BUILDING, PALAKOL, W.G. DIST 2 ACIT, CIRCLE-1, ELURU 3 THE CIT, RAJAHMUNDRY 4 THE CIT(A), RAJAHMUNDRY 5 THE DR, ITAT, VISAKHAPATNAM. 6 GUARD FILE. BY ORDER SENIOR PRIVATE SECRETARY INCOME TAX APPELLATE TRIBUNAL VISAKHAPATNAM