M/s Khim Engineering Industries Pvt Ltd , Bangalore V. Deputy Commissioner of Income Tax Circle-4(1)(1), Bangalore

ITA 538/BANG/2017

• Counselvise Citation: [2019] 118 COUNSELVISE.COM (IT) 4178 (ITAT-BANGALORE)
• Duration Of Justice: 1 year(s) 11 month(s) 5 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 13-02-2019
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: B
• Assessment Year: 2012-2013
• Appeal Filed On: 08-03-2017
• Result in Favour of: Revenue
• Court: TRIBUNAL

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL BANGALORE BENCH ES B , BANGALORE BEFORE SHRI N.V.VASUDEVAN, VP & SHRI B.R.BASKARAN, AM ITA NO. 538 / BANG /201 7 : ASST.YEAR 2012 - 2013 M/S. KHIM ENGINEERING INDUSTRIES PRIVATE LIMITED C/O. S.KRISHNASWAMY & CO. CHARTERED ACCOUNTANTS NO.389/1, 7 TH MAIN, 42 ND CROSS, 5 TH BLOCK, JAYANAGAR BANGALORE 560 041. PAN : AABCB7369N . VS. THE DY.COMMISSIONER OF INCOME - TAX, CIRCLE 4(1)(1) BANGALORE. (APPELLANT) (RESPONDENT) APPELLANT BY : --- NONE --- RESPONDENT BY : SHRI R.N.SID D AP P AJI, ADDL.CIT DATE OF HEARING : 13 .02.2019 DATE OF PRONOUNCEMENT : 13 .02.2019 O R D E R PER B.R.BASKARAN, AM : THE APPEAL FILED BY THE ASSESSEE IS DIRECTED AGAINST THE ORDER DATED 27.09.2016 PASSED BY THE LEARNED CIT(A) - 4, BANGALORE AND IT RELATES TO ASSESSMENT YEAR 2012 - 2013. 2. THE ASSESSEE IS AGGRIEVED BY THE DECISION OF THE LEARNED CIT(A) IN CONFIRMING ADDITI ON OF RS.108.00 LAKH MADE BY THE ASSESSING OFFICER U/S 40A(2)(B) OF THE ACT. 3. NONE APPEARED ON BEHALF OF THE ASSESSEE. WE NOTICED THAT THE NOTICE ISSUED BY THE REGISTRY HAS BEEN DULY SERVED UPON THE ASSESSEE. HENCE, WE PROCEED TO DISPOSE OF THE APPEAL EX PARTE , WITHOUT THE PRESENCE OF THE ASSESSEE. WE NOTICED THAT THE ASSESSING OFFICER WAS CONSTRAINED TO MAKE THE ITA NO. 538 / BANG /201 7 . M/S.KHIM ENGINEERING INDUSTRIES P.LTD . 2 IMPUGNED DISALLOWANCE U/S 40A(2)(B) OF THE ACT SINCE THE ASSESSEE DID NOT FURNISH ANY DETAILS TO SUBSTANTIATE ITS CLAIM. BEFORE THE LEARNED CI T(A) ALSO THE ASSESSEE DID NOT FURNISH THE DETAILS. BEFORE US ALSO NOTHING WAS FURNISHED . H ENCE WE HAVE NO OTHER OPTION, BUT TO CONFIRM THE ORDER PASSED BY THE LEARNED CIT(A). 4 . IN THE RESULT, THE APPEAL OF THE ASSESSEE IS DISMISSED . ORDER PRONOU NCED ON THIS 13 TH DAY OF FEBRUARY, 2019 . SD/ - SD/ - (N.V.VASUDEVAN) ( B.R.BASKARAN ) VICE - PRESIDENT ACCOUNTANT MEMBER BANGALORE ; DATED : 13 TH FEBRUARY, 2019 . DEVDAS* COPY OF THE ORDER FORWARDED TO : TRUE COPY BY ORDER, (ASSTT. REGISTRAR) ITAT, BANGALORE 1. THE APPELLANT 2. THE RESPONDENT. 3. THE PR. CIT - 7 , BENGALURU . 4. CIT(A) - 7 , BENGALURU. 5. DR, ITAT, BANGALORE 6. GUARD FILE.