MADHUBAN METAL P. LTD, MUMBAI V. ITO WD 5(2)(3), MUMBAI

ITA 7545/MUM/2010

• Counselvise Citation: 754519914 RSA 2010
• Duration Of Justice: 3 year(s) 1 month(s) 14 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 17-12-2013
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: B
• Next Hearing Date: 17-12-2013
• Assessment Year: 2007-2008
• Appeal Filed On: 03-11-2010
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: SU RENDRA KUMAR
• Section: 143(3)

Judgement Text

, CH CHCH CH INCOME TAX APPELLATE TRIBUNAL,MUMBAI - B BENCH. . .. . . .. . , ,, , !'#$ !'#$ !'#$ !'#$ , ' ' ' ' %& %& %& %& BEFORE S/SH.H.L.KARVA,PRESIDENT & RAJENDRA,ACCOUNTA NT MEMBER /. ITA NO. 7545/MUM/2010 , ' ' ' ' ( ( ( ( / ASSESSMENT YEAR-2007-08 M/S MADHUBAN METAL PVT. LTD. 123E, AMROLI HOUSE, ROOM NO.3, V.P.ROAD BEHIND POST OFFICE, MUMBAI- 400004 VS. ITO WARD 5(2)(3), AAYAKAR BHAVAN, MUMBAI- 400020 PAN:AAACM2677E ( )* / APPELLANT ) ( +,)* / RESPONDENT ) )* )* )* )* - - - - ' '' ' / APPELLANT BY : NONE +,)* . - ' / RESPONDENT BY : SHRI SURENDRA KUMAR ' ' ' ' . .. . /0 /0 /0 /0 / DATE OF HEARING : 17 -12-2013 12( . /0 / DATE OF PRONOUNCEMENT : 17-12-2013 PER RAJENDRA, A.M. CHALLENGING THE ORDER DATED 30.09.2010 OF THE CIT(A )-9 MUMBAI,ASSESSEE-COMPANY HAS FILED 10 GROUNDS OF APPEAL: 2. ASSESSEE-COMPANY, ENGAGED IN THE BUSINESS OF TRADIN G OF S.S.RODS, S.S.SHEETS & S.S. PLATES, FILED ITS RETURN OF INCOME ON 20.02.2008 DECLARING TOTAL INCOME AT RS. 2.40 LACS. ASSESSING OFFICER(AO) FINALISED THE ASSESSMENT ON 21.12.2009 U/S. 143(3) OF THE ACT DETERMINING THE TOTAL INCOME OF THE ASSESSEE AT RS. 42.65 LACS. 3. DURING THE ASSESSMENT PROCEEDINGS, AO MADE CERTAIN ADDITIONS TO THE INCOME DECLARED BY THE ASSESSEE AND SAME WERE CHALLENGED BEFORE THE FIRST APPELLATE AUTHORITY (FAA). AFTER CONSIDERING THE SUBMISSIONS OF THE ASSESSEE, FIRST APPELLATE AUTHORITY(FAA) DISMISSED THE APPEAL VIDE HIS ORDER DATED 30.09.2010. 4 . APPEAL FILED BY THE ASSESSEE-COMPANY WAS FIXED FO R HEARING FROM TIME TO TIME. ON 24.06.2013, NOBODY APPEARED ON BEHALF OF THE ASSESS EE-COMPANY, SO A HEARING NOTICE BY REGISTERED POST WAS SENT TO THE ASSESSEE ON 01.08.2 013 INFORMING THE ASSESSEE THAT CASE WOULD BE HEARD ON 17.12.2013. HEARING NOTICE WAS SENT AT THE ADDRESS GIVEN BY THE ASSESSEE-COMPANY IN THE REVISED FORM NO. 36. AT THE TIME OF HEARING BEF ORE US, NOBODY APPEARED ON BEHALF OF THE ASSESSEE-COMPANY. 5. WE HAVE PERUSED THE MATERIAL AVAILABLE ON THE RECOR D, WE ARE OF THE OPINION THAT FAA HAS RIGHTLY DISMISSED THE APPEAL FILED BY THE ASSESSEE- COMPANY. THEREFORE, CONFIRMING HIS ORDERS, WE DECIDE GROUND NO. 1 TO 9 AGAINST THE ASSESSEE-COMPA NY. AS A RESULT,APPEAL FILED BY THE ASSESSEE-COMPAN Y STANDS DISMISSED. 3 &4 ' 3/ . UK UKUK UK !5 . !/ 67. 2 ITA NO.7545/MUM/2010 M/S MADHUBAN METAL PVT. LTD ORDER PRONOUNCED IN THE OPEN COURT TODAY I.E. 17 TH DECEMBER,2013 . %'8 . 12( ' # 9 :%' 17 FNLACJ FNLACJ FNLACJ FNLACJ , 2013 2 . ;. SD/- SD/- ( . . - H.L.KARWA) ( !'#$ !'#$ !'#$ !'#$ / RAJENDRA) / PRESIDENT ' ' ' ' %& %& %& %& /ACCOUNTANT MEMBER / MUMBAI, :%' /DATE: 17 TH DECEMBER,2013 SK %'8 %'8 %'8 %'8 . .. . +/< +/< +/< +/< ='<(/ ='<(/ ='<(/ ='<(/ / COPY OF THE ORDER FORWARDED TO : 1. ASSESSEE / )* 2. RESPONDENT / +,)* 3. THE CONCERNED CIT (A) / > ? , 4. THE CONCERNED CIT / > ? 5. DR B BENCH, ITAT, MUMBAI / <@; +/' CH CHCH CH , . . # . 6. GUARD FILE/ ; A ,