VALUE LINE EQUITIES P.LTD, V. ASST CIT CIR 4(2),

MA 22/MUM/2013

• Counselvise Citation: [2013] 124 COUNSELVISE.COM (IT) 0673 (ITAT-MUMBAI)
• Duration Of Justice: 4 month(s) 21 day(s)
• Appeal Type: Miscellaneous Application
• Pronouncement Date: 07-06-2013
• Appeal Filed By: Department
• Order Result: Allowed
• Bench Allotted: F
• Assessment Year: 2006-2007
• Appeal Filed On: 17-01-2013
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Assessee Lawyers: JINTENDR A JAIN

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL F BENCH, MUMBAI BEFORE SHRI R.S. SYAL, ACCOUNTANT MEMBER AND SHRI SANJAY GARG, JUDICIAL MEMBER M.A. NO. 22/MUM./2013 (ITA NO. 1611/MUM./2009) (ASSESSMENT YEAR : 200607) M/S VALUE LINE EQUITIES PVT. LTD. (FORMERLY: SB & T SECURITIES P. LTD.) 405, APPEJAY HOUSE, 130 BOMBAY SAMACHAR MARGE, FORT, MUMBAI- 400 001. PAN: AAACS6170Q APPLICANT V/S THE ASST. COMMISSIONER OF INCOME TAX, CIRCLE-4(2) MUMBAI RESPONDENT ASSESSEE BY : SHRI JINTENDR A JAIN (AR) REVENUE BY : SHRI P.K. SIN GH (JCIT) DATE OF HEARING 07.06.2013 DATE OF ORDER 07.06.2013 ORDER 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 RECALLING OF THE ORDER OF THE TRIBUNAL DATED 01.04.2010 IN ITA NO. 1611/M/ 2009. 2. THE LD. COUNSEL FOR THE ASSESSEE CONTENDED THAT THE TRIBUNAL DISMISSED THE ASSESSEES APPEAL IN LIMINE FOR WANT OF APPEARANCE BEFORE THE TRIBUNAL ON THE DATE OF HEARING. AN AFFIDAVIT HAS BEEN FILED BY SHRI SANJIV CHAINANI SON OF SHRI KANWAL CHAINANI, DIRECTOR OF T HE ASSESSEES COMPANY, M/S VALUE LINE EQUITIES PVT. LTD. 2 GIVING REASONS FOR THE NON-APPEARANCE BEFORE THE TR IBUNAL ON THE SCHEDULED DATE OF HEARING. WE ARE CONVINCED WITH SUCH REASONS . ACCORDINGLY, THE IMPUGNED ORDER IS RECALLED. THE APPEAL IS DIRECTED TO BE POSTED FOR HEARING ON 11.07.2013. AN ANNOUNCEMENT TO THIS EFFECT WAS M ADE IN OPEN COURT ON THE CONCLUSION OF THE HEARING. THE LD. AR HAS NOTED THE FRESH DATE AND ACCORDINGLY WAIVED THE RIGHT TO ANY SEPARATE NOTICE OF HEARING OF APPEAL. 3. IN THE RESULT, THE MISCELLANEOUS APPLICATION IS ALLOWED. ORDER PRONOUNCED IN THE OPEN COURT ON 07 TH JUNE 2013 SANJAY GARG JUDICIAL MEMBER R.S.SYAL ACCOUNTANT MEMBER MUMBAI, DATED: 07 TH JUNE 2013 COPY OF THE ORDER FORWARDED TO : (1) THE ASSESSEE; (2) THE REVENUE; (3) THE CIT(A); (4) THE CIT, MUMBAI CITY CONCERNED; (5) THE DR, ITAT, MUMBAI; (6) GUARD FILE. SK/- TRUE COPY BY ORDER (DY./ASSTT. REGISTRAR) ITAT, MUMBAI