MADHU S. JHUNJHUNWALA, MUMBAI V. ACIT CEN CIR 11, MUMBAI

ITA 6541/MUM/2010

• Counselvise Citation: [2016] 133 COUNSELVISE.COM (IT) 3628 (ITAT-MUMBAI)
• Duration Of Justice: 5 year(s) 6 month(s) 8 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 14-03-2016
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: B
• Next Hearing Date: 21-12-2015
• Assessment Year: 2007-2008
• Appeal Filed On: 06-09-2010
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: N P SINGH
• Keywords: Unexplained cash credit

Judgement Text

, IN THE INCOME TAX APPELLATE TRIBUNAL B BENCH, MUMBAI BEFORE S/SHRI B.R.BASKARAN, AM AND PAWAN SINGH, JM ./ I.T.A. NO . 6541 / MUM/ 20 10 ( / ASSESSMENT YEA R : 20 0 7 - 08 ) SMT.MADHU S J HUNJHUNWALA, FLAT NO.41/42, 4 TH FLOOR, MEGHNA APARTMENT, S V ROAD, SANTACRUZ (W), MUMBAI - 400054 / VS. ASSTT. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE - 11, NEW CGO BUILDING , M K ROAD, MUMBAI - 400020 ( / APPELLANT ) .. ( / RES PONDENT ) ./ ./PAN. : AEFPJ4819K / A PPELLANT BY NONE / R ESPONDENT BY SHRI N P SINGH / DATE OF HEARING : 1 4.3 . 201 6 / DAT E OF PRONOUNCEMENT: 1 4.3 . 201 6 / O R D E R P ER B R BASKARAN, AM : T HE APPEAL FILED BY THE ASSESSEE IS DIRECTED AGAINST THE ORDER DATED 17.6.2010 PASSED BY THE LD.CIT(A) - 37 , MUMBAI AND IT RELATE S TO THE ASSESSMENT YEAR 200 7 - 08 . 2. NONE APPEARED ON BEHALF OF THE ASSESSEE EVEN THOUGH THE NOTICE WA S SERVED TO THE ASSESSEE BY RPAD EARLIER. H ENCE, WE PROCEED TO DISPOSE OF THE APPEAL EX - PARTE WITHOUT THE PRESENCE OF THE ASSESSEE. I.T.A. NO. 6541 / MUM/ 20 10 2 3. WE HEARD THE LD.DR AND PERUSED THE RECORD. WE NOTICE THAT THE ASSESSEE IS CONTESTING THE DECISION RENDERED BY THE LD. CIT(A) IN RESPECT OF LOSS INCURRED IN SHARE TRANSACTIONS AND UNEXPLAINED CASH CREDITS. WE NOTICE THAT THE LD. CIT(A) HAS PASSED THE REASONED ORDER ON BOTH THE ISSUES AND FURTHER THE ASSESSEE HAS FAILED TO FUR NISH ANY MATERIAL BEFORE US IN ORDER TO COMPEL US TO INTERFERE WITH THE VIEW TAKEN BY THE LD. CIT(A). ACCORDINGLY, WE CONFIRM HIS ORDER ON BOTH THE ISSUES. 4. IN THE RESULT, THE APPEAL FILED BY THE ASSESSEE IS DISMISSED. PRONOUNCED ACCORDINGLY ON 14 T H MARCH, 2 01 6 . 14 TH MARCH, 2016 S D SD ( PAWAN SINGH ) ( B.R. BASKARAN) JUDICIAL MEMBER ACCOUNTANT MEMBER MUMBAI: 14 TH MARCH, 2 01 6 . . . ./ SRL , SR. PS / COPY OF THE ORDER FORWARDED TO : 1. / THE APPELLANT 2. / THE RESPONDENT. 3. ( ) / THE CIT(A) - CONCERNED 4. / CIT CONCE RNED 5. , , / DR, ITAT, MUMBAI CONCERNED 6. / GUARD FILE. / BY ORDER, T RUE COPY (ASSTT. REGISTRAR) , /ITAT, MUMBAI