JIGAR COMMODIITES & DERIVATIVES P. LTD, V. DCIT CC 38,

MA 200/MUM/2010

• Counselvise Citation: [2010] 119 COUNSELVISE.COM (IT) 3626 (ITAT-MUMBAI)
• Duration Of Justice: 1 month(s) 13 day(s)
• Appeal Type: Miscellaneous Application
• Pronouncement Date: 07-05-2010
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: J
• Assessment Year: 2006-2007
• Appeal Filed On: 25-03-2010
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: L K AGRAWAL

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCHES J, MUMBAI BEFORE SHRI R.S.SYAL, AM AND SHRI N.V.VASUDEVAN, JM M.A.NO.200/MUM/2010 (ARISING OUT OF ITA NO.2430/MUM/2009 : ASST.YEAR 20 06-2007) M/S.JIGAR COMMODITIES & DERIVATIVES PRIVATE LIMITED, 301-380 BHAGWATI HOUSE PLOT NO.A/19, VEERA DESAI ROAD ANDHERI (WEST), MUMBAI 400 058. PA NO.AAACJ1728P. VS. THE DY.COMMISSIONER OF INCOME-TAX CENTRAL CIRCLE 38 MUMBAI. (APPLICANT) (RESPONDENT) APPLICANT BY : SHRI VIJAY MEHTA RESPONDENT BY : SHRI L.K.AGRAWAL O R D E R PER R.S.SYAL, AM : THIS MISCELLANEOUS APPLICATION U/S.254(2) OF THE IN COME-TAX ACT, 1961 HAS BEEN MOVED BY THE ASSESSEE PRAYING FOR THE RECALLIN G OF THE EX PARTE ORDER OF THE TRIBUNAL DATED 28.01.2010 IN ITA NO.2430/MUM/2009. THE LEARNED COUNSEL FOR THE ASSESSEE STATED THAT THE TRIBUNAL HAS DISMISSED THE APPEAL OF THE ASSESSEE IN LIMINE FOR WANT OF PROSECUTION. THE LEARNED COUNSEL FURTHE R CONTENDED THAT THE NON- REPRESENTATION ON THE DATE OF HEARING OR NON-MOVING OF ANY APPLICATION FOR ADJOURNMENT WAS NOT DUE TO ANY LAPSE OR NEGLIGENCE ON THE PART OF THE ASSESSEE. IN SUPPORT OF HIS SUBMISSION, AN AFFIDAVIT OF THE DIRE CTOR OF THE ASSESSEE COMPANY DATED 22.03.2010 WAS FILED. THE LEARNED D.R. DID NOT RAISE ANY SERIOUS OBJECTION TO IT. 2. WE HAVE HEARD THE RIVAL PARTIES AND PERUSED THE RELEVANT MATERIAL ON RECORD. WE ARE SATISFIED WITH THE REASONS FOR THE ABSENCE O F THE ASSESSEE AT THE TIME WHEN THE APPEAL WAS TAKEN UP FOR HEARING BY THE TRIBUNAL . WE, THEREFORE, RECALL THE IMPUGNED ORDER AND DIRECT THE REGISTRY TO FIX THIS CASE FOR HEARING ON 22.07.2010. NO SEPARATE NOTICE NEED BE SENT TO THE ASSESSEE AS THE PRONOUNCEMENT TO THIS EFFECT MA NO.200/MUM/2010 M/S.JIGAR COMMODITIES & DERIVATIVES P.LTD. 2 WAS MADE IN THE OPEN COURT AND THE LEARNED A.R. HAS WAIVED HIS RIGHT TO SEPARATE NOTICE. 3. IN THE RESULT, THE MISCELLANEOUS APPLICATION IS ALLOWED. ORDER PRONOUNCED ON THIS 7 TH DAY OF MAY, 2010. SD/- SD/- ( N.V.VASUDEVAN ) ( R.S.SYAL ) JUDICIAL MEMBER ACCOUNTANT MEMBER MUMBAI : 7 TH MAY, 2010. DEVDAS* COPY TO : 1. THE APPLICANT. 2. THE RESPONDENT. 3. THE CIT CONCERNED 4. THE CIT(A) CENTRAL - VI, MUMBAI. 5. THE DR/ITAT, MUMBAI. 6. GUARD FILE. TRUE COPY. BY ORDER ASSISTANT REGISTRAR, ITAT, MUMBAI.