BCL FORGINGS LTD, MUMBAI V. ITO 6(1)(1), MUMBAI

ITA 8543/MUM/2010

• Counselvise Citation: [2013] 140 COUNSELVISE.COM (IT) 71990 (ITAT-MUMBAI)
• Duration Of Justice: 3 year(s) 10 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 18-12-2013
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: B
• Next Hearing Date: 18-12-2013
• Assessment Year: 2006-2007
• Appeal Filed On: 08-12-2010
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: RAVI PRAKASH
• Section: 143(3); 14A

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. 8543/MUM/2010 , ' ' ' ' ( ( ( ( / ASSESSMENT YEAR-2006-07 BCL FORGINGS LTD. BOMBAY FOOTWEAR PVT. LTD., COMPOUND, DEONAR VILLAGE ROAD, OPP. N.K.G.S.B.BANK, DEONAR, MUMBAI- 400088 VS. ITO 6(1)(1), 503,AAYAKAR BHAVAN, M.K.ROAD, MUMBAI- 400020 PAN:AAACB1637M ( )* / APPELLANT ) ( +,)* / RESPONDENT ) )* )* )* )* - - - - ' '' ' / APPELLANT BY : NONE +,)* . - ' / RESPONDENT BY : SHRI RAVI PRAKASH ' ' ' ' . .. . /0 /0 /0 /0 / DATE OF HEARING : 18 -12-2013 12( . /0 / DATE OF PRONOUNCEMENT : 18-12-2013 PER RAJENDRA, A.M. CHALLENGING THE ORDER DATED 08.09.2010 OF THE CIT(A )-14 MUMBAI,ASSESSEE HAD FILED FOUR (4) GROUNDS OF APPEAL. 2. ASSESSEE-COMPANY, ENGAGED IN THE BUSINESS OF MANUFA CTURE OF CARBON AND ALLOY STEEL FORGINGS, FILED ITS RETURN OF INCOME ON 13.11.2006 DECLARING TOTAL INCOME AT RS. 23.09 LACS. ASSESSING OFFICER(AO) FINALISED THE ASSESSMENT ON 3 1.12.2008 U/S. 143(3) OF THE ACT DETERMINING THE INCOME OF THE ASSESSEE AT RS. 79.36 LACS.DURING THE ASSESSMENT PROCEEDINGS, AO MADE CERTAIN ADDITIONS TO THE INCOME DECLARED BY THE ASSESSEE AND SAME WERE CHALLENGED BY THE ASSESSEE BEFORE THE FIRST APPELLATE AUTHORIT Y (FAA). AFTER CONSIDERING THE SUBMISSIONS OF THE ASSESSEE, FAA PARTLY ALLOWED THE APPEAL. 3 . CASE WERE FIXED FOR HEARING ON VARIOUS DATES. ON 26.06.2013, A NOTICE OF HEARING WAS ISSUED TO THE ASSESSEE AND WAS SENT BY REGISTERED P OST AT THE LAST KNOWN ADDRESS. ASSESSEE WAS INFORMED THAT MATTER WOULD BE HEARD ON 18.12.2013. DURING THE COURSE OF HEARING BEFORE US, NOBODY APPEARED NOR WAS ANY APPLICATION FOR ADJOURN MENT WAS FILED BY THE ASSESSEE- COMPANY.WE HAVE PERUSED THE MATERIAL BEFORE US INCL UDING THE ORDERS OF THE AO AND THE FAA AND THE SUBMISSIONS MADE BY THE ASSESSEE BEFORE THEM. AFTER GOING THROUGH THE AVAILABLE MATERIAL, WE ARE OF THE OPINION THAT FAA HAD RIGHTLY DISMISSED THE APPEAL WITH REGARD TO ADDITION MADE IN RESPECT OF AIR INFORMATI ON AND DISALLOWANCE MADE U/S 14A OF THE ACT. THEREFORE, CONFIRMING HIS ORDERS, WE DECIDE GR OUND NOS.1 TO 4 AGAINST THE ASSESSEE. AS A RESULT,APPEAL FILED BY THE ASSESSEE-COMPAN Y STANDS DISMISSED. 3 &4 ' 3/ . UK UKUK UK !5 . !/ 67. 2 ITA NO.8543/MUM/2010 BCL FORGINGS LTD. ORDER PRONOUNCED IN THE OPEN COURT TODAY I.E. 18 TH DECEMBER,2013 . %'8 . 12( ' # 9 :%' 18 FNLACJ FNLACJ FNLACJ FNLACJ , 2013 2 . ;. SD/- SD/- ( . . - H.L.KARWA) ( !'#$ !'#$ !'#$ !'#$ / RAJENDRA) / PRESIDENT ' ' ' ' %& %& %& %& /ACCOUNTANT MEMBER / MUMBAI, :%' /DATE: 18 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 ,