The Coimbatore City Co-operative Bank Ltd., Coimbatore V. ACIT, Coimbatore

ITA 95/CHNY/2014

• Counselvise Citation: [2014] 140 COUNSELVISE.COM (IT) 77353 (ITAT-CHENNAI)
• Duration Of Justice: 5 month(s) 8 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 19-06-2014
• Appeal Filed By: Assessee
• Bench Allotted: C
• Next Hearing Date: 19-06-2014
• Assessment Year: 2008-2009
• Appeal Filed On: 10-01-2014
• Court: TRIBUNAL
• Department Lawyers: N MADHAVAN
• Assessee Lawyers: R RAJAN F
• Section: 263

Judgement Text

, , IN THE INCOME TAX APPELLATE TRIBUNAL C BENCH, CHE NNAI . . . , ! , ' # $ BEFORE DR. O.K. NARAYANAN, VICE PRESIDENT & SHRI VIKAS AWASTHY, JUDICIAL MEMBER . / I.T.A. NO. 95/MDS/2014 / ASSESSMENT YEAR : 2008-09 THE COIMBATORE CITY CO-OPERATIVE BANK LTD., 119, DR.NANJAPPA ROAD, COIMBATORE 641 018 [PAN: AACFT 9585 B] ( !% /APPELLANT) VS ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-III, COIMBATORE-641 018 ( &'!% /RESPONDENT) / APPELLANT BY : MR. R.RAJAN, F CA / RESPONDENT BY : MR. N.MADHAVAN, JCIT / DATE OF HEARING : 19-06-2014 ! / DATE OF PRONOUNCEMENT : 19-06-2014 #( / O R D E R PER VIKAS AWASTHY, J.M: THE APPEAL HAS BEEN FILED BY THE ASSESSEE IMPUGNIN G THE ASSESSMENT ORDER DATED 31-10-2013 PASSED U/S.143(3) R.W.S.263 OF THE INCOME TAX ACT, 1961 (HEREIN AFTER REFERRED TO AS THE ACT) RELEVANT TO THE ASSESSMENT YEAR (AY) 2008-09. 2. THE ASSESSMENT U/S.143(3) WAS COMPLETED IN THE C ASE OF ASSESSEE ON 09-12-2010. THEREAFTER, THE COMMISSION ER OF INCOME TAX-I, COIMBATORE INVOKED THE PROVISIONS OF SECTION 263 AND PASSED REVISION ORDER ON 14-12-2012. IN PURSUA NCE TO THE I.T.A. NO. 95/MDS/2014 2 DIRECTIONS OF COMMISSIONER OF INCOME TAX, THE ASSES SING OFFICER PASSED ASSESSMENT ORDER IMPUGNED BY THE ASSESSEE IN THE PRESENT APPEAL. 3. THE ASSESSEE HAS DIRECTLY FILED APPEAL AGAINST T HE ASSESSMENT ORDER BEFORE THE TRIBUNAL. THE PRESENT APPEAL OF THE ASSESSEE IS NOT IN ACCORDANCE WITH THE PROVISIONS O F SECTION 253 OF THE ACT AND IS THUS NOT MAINTAINABLE. 4. THE ASSESSEE IS AT LIBERTY TO FILE APPEAL BEFORE THE APPROPRIATE AUTHORITY, IF SO ADVISED. ACCORDINGLY, THE APPEAL OF THE ASSESSEE IS DISMISS ED BEING NOT MAINTAINABLE. ORDER PRONOUNCED IN THE OPEN COURT AT THE TIME OF HEARING ON THURSDAY, THE 19 TH JUNE, 2014 AT CHENNAI. SD/- SD/- ( . . . ) ( ! ) (DR. O.K. NARAYANAN) (VIKAS AWAS THY) '#$ / VICE PRESIDENT % &' / JUDICIAL MEMBER (% /CHENNAI, )& /DATED: 19 TH JUNE, 2014 TNMM &* +,-, /COPY TO: 1. /APPELLANT 2. /RESPONDENT 3. ./0 /CIT(A) 4. . /CIT 5. ,12 3 /DR 6. 245 /GF