World Brands and Trends Pvt. Ltd., CHENNAI V. ACIT, CHENNAI

ITA 511/CHNY/2014

• Counselvise Citation: [2014] 140 COUNSELVISE.COM (IT) 81134 (ITAT-CHENNAI)
• Duration Of Justice: 6 month(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 28-08-2014
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: D
• Next Hearing Date: 25-08-2014
• Assessment Year: 2006-2007
• Appeal Filed On: 28-02-2014
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: A SASI KUMAR

Judgement Text

, , IN THE INCOME TAX APPELLATE TRIBUNAL , D B ENCH, CHENNAI . . . , ! ' , % & BEFORE DR. O.K. NARAYANAN, VICE-PRESIDENT AND SHRI CHALLA NAGENDRA PRASAD, JUDICIAL MEMBER ./I.T.A.NO. 511/MDS/2014 ( / ASSESSMENT YEAR : 2006-07) M/S. WORLD BRANDS & TRENDS PVT. LTD., NEW NO.21/2, 2 ND MAIN ROAD, 5 TH CROSS STREET, CIT COLONY, MYLAPORE, CHENNAI-600 004. VS. ASSISTANT COMMISSIONER OF INCOME TAX, COMPANY CIRCLE-III(3), CHENNAI-600 034. PAN:AAACW3186G ( /APPELLANT) ( /RESPONDENT) / APPELLANT BY : NONE /RESPONDENT BY : MR. A.SASI KUMAR, JCIT / DATE OF HEARING : 25 TH AUGUST, 2014 /DATE OF PRONOUNCEMENT : 25 TH AUGUST, 2014 / O R D E R PER CHALLA NAGENDRA PRASAD, JM: THIS APPEAL IS FILED BY THE ASSESSEE AGAINST THE ORDER OF THE COMMISSIONER OF INCOME TAX (APPEALS)-III, C HENNAI DATED 31.10.2013 FOR THE ASSESSMENT YEAR 2006-07. 2. WHEN THE MATTER WAS POSTED FOR HEARING ON 26.05. 2014, NONE APPEARED ON BEHALF OF THE ASSESSEE AND THUS C ASE WAS ADJOURNED TO 25.08.2014. SUBSEQUENTLY, NOTICE OF H EARING SENT TO THE ASSESSEE BY REGISTERED POST WITH AD W AS ITA NO.511/MDS/2014 2 RETURNED UNSERVED WITH THE POSTAL ENDORSEMENT DOO R LOCKED. AT THE TIME OF HEARING, NONE APPEARED ON BEHALF OF THE ASSESSEE, NOR ANY REQUEST FOR ADJOURNMENT WAS RECE IVED. 3. IN VIEW OF THE ABOVE, WE ARE OF THE CONSIDERED OPINION THAT THE ASSESSEE IS NOT INTERESTED IN PROSECUTING THE APPEAL FILED BEFORE THIS TRIBUNAL. HENCE, FOLLOWING THE DECISION OF THE DELHI BENCH IN THE CASE OF CIT V. MULTIPLAN I NDIA P. LTD., REPORTED IN 38 ITD 320 AND THE JUDGMENT OF THE HON 'BLE MADHYA PRADESH HIGH COURT IN THE CASE OF LATE TUKOJ IRAO HOLKAR (223 ITR 480), WE DISMISS THE APPEAL FOR WA NT OF PROSECUTION. 4. IN THE RESULT, THE APPEAL OF THE ASSESSEE IS DISMISSED IN LIMINE . ORDER PRONOUNCED IN THE OPEN COURT ON MONDAY, TH E 25 TH DAY OF AUGUST, 2014 AT CHENNAI. SD/- SD/- ( DR. O.K. NARAYANAN ) ( CHALLA NAGE NDRA PRASAD ) ( . . . ) ( & () ) ,- /VICE-PRESIDENT ( . / JUDICIAL MEMBER \ ( /CHENNAI, / /DATED, 25 TH AUGUST, 2014. SOMU ITA NO.511/MDS/2014 3 12 32 /COPY TO: 1. APPELLANT 2. /RESPONDENT 3. 4 () /CIT(A) 4. 4 /CIT 5. 2 7 /DR 6. /GF.