M/S Indian Bank, CHENNAI V. Addl CIT Co Range II, CHENNAI

MA 232/CHNY/2012

• Counselvise Citation: [2013] 123 COUNSELVISE.COM (IT) 9787 (ITAT-CHENNAI)
• Duration Of Justice: 5 month(s) 22 day(s)
• Appeal Type: Miscellaneous Application
• Pronouncement Date: 04-01-2013
• Appeal Filed By: Assessee
• Bench Allotted: D
• Assessment Year: 2007-2008
• Appeal Filed On: 13-07-2012
• Court: TRIBUNAL
• Department Lawyers: T N BETGERI IRS

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL D BENCH, CHENNAI BEFORE DR. O.K.NARAYANAN, VICE-PRESIDENT AND SHRI CHALLA NAGENDRA PRASAD, JUDICIAL MEMBER M.P. NOS.231 & 232(MDS)/2012 IN ITA NOS.879 & 880(MDS)/2010 ASSESSMENT YEARS : 2002-03 & 2007-08 INDIAN BANK, 66, RAJAJI SALAI, CHENNAI-600 001. PAN AAACI1607G. VS. THE ADDL.COMMISSIONER OF INCOME-TAX, COMPANY RANGE II, CHENNAI. (PETITIONER) (RESPONDENT) PETITIONER BY : SHRI C.NARESH, C.A. RESPONDENT BY : SHRI T.N.BETGERI, IR S, JCIT DATE OF HEARING : 4 TH JANUARY, 2013 DATE OF PRONOUNCEMENT : 4 TH JANUARY, 2013 O R D E R PER DR.O.K.NARAYANAN, VICE-PRESIDENT THESE TWO MISCELLANEOUS PETITIONS ARE FILED BY TH E ASSESSEE-BANK PRAYING FOR RESTORATION OF THE APPEAL S IN ITA NOS.879 & 880(MDS)/2010, RELATING TO THE ASSESSMENT YEARS 2002-03 AND 2007-08. 2. THE ABOVE MENTIONED APPEALS WERE HEARD AND DISPOSED OF BY THE TRIBUNAL THROUGH THE COMMON ORDE R DATED - - MP NOS.231 & 232 OF 2012 2 25-11-2010. THE APPEALS WERE DISMISSED IN LIMINE FOR WANT OF COD APPROVAL. 3. NOW, AS PER THE JUDGMENT OF THE HONBLE SUPREME COURT, NO COD APPROVAL IS NECESSARY FOR PROSECUTING THE APPEALS BEFORE THE INCOME-TAX APPELLATE TRIBUNAL. ACCORDINGLY, WE RECALL OUR COMMON ORDER DATED 25-11-2010 PASSED IN ITA NOS.879 & 880(MDS)/2010 AND RESTORE THE APPEALS IN ITA NOS.879 & 880(MDS)/2010 ON THE ROLLS OF THE TRIBUNA L. 4. THESE TWO APPEALS ARE POSTED FOR HEARING ON 8 TH APRIL, 2013. ORDER PRONOUNCED IN THE OPEN COURT AT THE TIME OF HEARING ON FRIDAY, THE 4 TH OF JANUARY, 2013 AT CHENNAI. SD/- SD/- (CHALLA NAGENDRA PRASAD) (DR. O.K.NARAYANAN) JUDICIAL MEMBER VICE-PRESIDENT CHENNAI, DATED, THE 4 TH JANUARY, 2013. V.A.P. COPY TO: 1. PETITIONER 2. RESPONDENT 3. CIT 4. CIT(A) 5. DR 6. GF.