M/s. GILTEDGE CREDIT CAPITAL LTD., MUMBAI V. ITO 4(1), MUMBAI

ITA 7045/MUM/2006

• Counselvise Citation: [2011] 134 COUNSELVISE.COM (IT) 8074 (ITAT-MUMBAI)
• Duration Of Justice: 4 year(s) 2 month(s) 22 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 17-03-2011
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: G
• Next Hearing Date: 24-06-2015
• Assessment Year: 2000-2001
• Appeal Filed On: 26-12-2006
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Assessee Lawyers: ASHIMA GUPTA

Judgement Text

I.T.A NO.7045/ MUM/2006 GILTEDGE CREDIT CAPITAL LTD 1 IN THE INCOME TAX APPELLATE TRIBUNAL, G BENCH, MUMBAI. BEFORE SHRI R.V.EASWAR, PRESIDENT AND SHRI PRAMOD KUMAR, ACCOUNTANT MEMBER I.T.A NO.7045/ MUM/2006 ASSESSMENT YEAR: 2000-01 GILTEDGE CREDIT CAPITAL LTD. .. APPELLANT 103, LIBERTY APT,80-A, SAROJINI ROAD, VILE PARLE(W) , MUMBAI-56 PA NO.AABCG 1699K VS INCOME TAX OFFICER 4(1) ,. RESPONDENT MUMBAI. APPEARANCES: NONE, FOR THE APPELLANT ASHIMA GUPTA, FOR THE RESPONDENT O R D E R PER PRAMOD KUMAR: 1. THIS APPEAL FILED BY THE ASSESSEE IS DIRECTED A GAINST THE ORDER DATED 14 TH SEPTEMBER, 2006 OF THE CIT (A)-IV, MUMBAI FOR THE ASSESSMENT Y EAR 2000-01. 2. THE HEARING OF APPEAL IN THIS CASE IS BEING ADJO URNED FROM TIME TO TIME AT THE REQUEST OF THE ASSESSEE. FINALLY, IT WAS FIXED FOR 15.12.2010 ALONGWITH ITA NO.7044/M/2006 AND THE HEARING WAS ALSO ADJOURNED A T THE REQUEST OF THE ASSESSEE TO 17.3.2011. BOTH THE PARTIES WERE INFORMED AT THE T IME OF HEARING. HOWEVER, ON 17.3.2011, WHEN THE MATTER WAS CALLED ON FOR HEARING, NO ONE A PPEARED ON BEHALF OF THE ASSESSEE NOR WAS ANY APPLICATION FOR ADJOURNMENT FILED. IT IS T HEREFORE INFERRED THAT THE ASSESSEE IS NOT INTERESTED IN PURSUING THE APPEAL WHICH IS HEREBY D ISMISSED FOR NON-PROSECUTION FOLLOWING THE JUDGMENT OF HONBLE BOMBAY HIGH COURT IN THE CA SE OF CHEMIPOL V UOI, DATED 17 TH I.T.A NO.7045/ MUM/2006 GILTEDGE CREDIT CAPITAL LTD 2 SEPTEMBER, 2009 (BHC) AND ALSO THE DECISION OF DEL HI BENCH OF THE TRIBUNAL IN THE CASE OF CIT VS. MULTIPLAN INDIA (P) LTD. (1991) 38 ITD 320 (DEL). 3. IN THE RESULT, APPEAL IS DISMISSED FOR WANT OF P ROSECUTION. PRONOUNCED IN THE OPEN COURT ON 17 TH MARCH, 2011 SD/- (R.V.EASWAR) PRESIDENT SD/- (PRAMOD KUMAR) (ACCOUNTANT MEMBER) MUMBAI, DATED 17 TH MARCH, 2011 PARIDA COPY TO: 1. THE APPELLANT 2. THE RESPONDENT 3. COMMISSIONER OF INCOME TAX (APPEALS),IV, MUMBAI 4. COMMISSIONER OF INCOME TAX, 4 , MUMBAI 5. DEPARTMENTAL REPRESENTATIVE, BENCH G, MUMBAI //TRUE COPY// BY ORDER ASSTT. REGISTRAR, ITAT, MUMBAI I.T.A NO.7045/ MUM/2006 GILTEDGE CREDIT CAPITAL LTD 3