Unicorn Industries Private Limited, Sec.bad, Hyderabad V. ACIT, Hyderabad

ITA 71/HYD/2011

• Counselvise Citation: [2012] 140 COUNSELVISE.COM (IT) 59141 (ITAT-HYDERABAD)
• Duration Of Justice: 11 month(s) 23 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 09-01-2012
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: A
• Next Hearing Date: 19-09-2011
• Assessment Year: 2005-2006
• Appeal Filed On: 17-01-2011
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: V SRINIVAS

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD A BENCH, HYDERABAD BEFORE SHRI CHANDRA POOJARI, ACCOUNTANT MEMBER & SMT. ASHA VIJAYARAGHAVAN, JUDICIAL MEMBER ITA NOS.70/HYD/2011 ASSESSMENT YEAR 20 04-05 ITA NO.71/HYD/2011 ASSESSMENT YEAR 2 005-06 M/S UNICORN INDUSTRIES (P) LTD., SECUNDERABAD (PAN AAACU3501D) VS THE ACIT, CIRCLE 3(3), HYDERABAD APPELLANT RESPONDENT APPELLANT BY : NONE RESPONDENT BY : SHRI V. SRINIVAS DATE OF HEARING :9.1.2012 DATE OF PRONOUNCEMENT :9.1.2012 ORDER PER ASHA VIJAYARAGHAVAN: THESE TWO APPEALS PREFERRED BY THE ASSESSEE ARE DIRECTED AGAINST THE COMMON ORDERS PASSED BY THE CI T(A) IV, HYDERABAD DATED 29.10.2010 AND THEY ARE PERTAINING TO THE ASSESSMENT YEARS 2004-05 & 2005-06. 2. AT THE TIME OF HEARING ON 09.01.2012, NONE AP PEARED ON BEHALF OF THE ASSESSEE. NO APPLICATION FOR ADJOURN MENT WAS ALSO FILED BY THE ASSESSEE. AS HELD BY THE HONBLE ITAT , DELHI BENCH IN THE CASE OF CIT VS. MULTIPLAN INDIA LIMITED (38 ITD 320), THERE MAY BE VARIOUS REASONS FOR THE APPELLANT TO REMAIN ABSE NT AT THE TIME OF HEARING. ONE OF THE REASONS MIGHT BE A DESIGN OR A BSENCE OF NEED TO PROSECUTE THE APPEALS. FOLLOWING THE SAID DECISION AND CONSIDERING THE FACTS AND CIRCUMSTANCES OF THE PRESENT CASE, WE DISMISS THESE TWO APPEALS IN LIMINE. ITA NOS.71 & 72/H/2011 M/S UNICORN INDUSTRIES, S. BAD 2 3. IN THE RESULT, THE APPEALS FILED BY THE ASSESSEE ARE DISMISSED IN LIMINE AS UN-ADMITTED. ORDER PRONOUNCED IN THE OPEN COURT ON: 9.1.2012 SD/- (CHANDRA POOJARI) SD/- (ASHA VIJAYARAGHAVAN) ACCOUNTANT MEMBER JUDICIAL MEMBER DATED THE 9 TH JANUARY, 2012 COPY FORWARDED TO: 1. M/S GANDHI & GANDHI C AS, 1002, PAIGAH PLAZA, BASHEERBAGH, HYDERABAD-63 2. THE ACIT, CIRCLE 3(3), HYDERABAD 3. THE CIT(A) IV, HYDERABAD 4. THE CIT, HYDERABAD 5. THE DR, ITAT, HYDERABAD NP/