CLASSIC SHARES AND STOCK BROKING SERVICES LTD, V. ASST CIT CIR 40,

MA 292/MUM/2013

• Counselvise Citation: [2014] 124 COUNSELVISE.COM (IT) 1675 (ITAT-MUMBAI)
• Duration Of Justice: 6 month(s) 4 day(s)
• Appeal Type: Miscellaneous Application
• Pronouncement Date: 07-02-2014
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: C
• Assessment Year: 2005-2006
• Appeal Filed On: 02-08-2013
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: P DANIEL
• Assessee Lawyers: HETAL PANCHAL
• Section: 12

Judgement Text

INCOME TAX APPELLATE TRIBUNAL,MUMBAI - C BENCH. . . , , BEFORE S/SH. B.R.MITTAL,JUDICIAL MEMB ER & RAJENDRA,ACCOUNTANT MEMBER MA NO.292/MUM/2013 (ARISING OUT OF ITA NO. 6876/MUM/2008) ASSESSMENT YEAR 2005-06 CLASSIC SHARES & STOCK BROKING SERVICES LTD. RADHA BHAVAN, 1 ST FLOOR, 121, NAGINDAS MASTER ROAD, MUMBAI-400023 PAN: AABCS4255R VS. ACIT CEN CIR-40 AAYAKAR BHAVAN, M.K.MARG, MUMBAI-400020 ( / APPELLANT ) ( / RESPONDENT ) APPELLANT BY : MS. HETAL PANCHAL RESPONDENT BY : SHRI P. DANIEL !' # $% / DATE OF HEARING : 07-02-2014 &'() # $% / DATE OF PRONOUNCEMENT : 07-02-2014 * / O R D E R PER RAJENDRA, A.M. VIDE ITS MISCELLANEOUS APPLICATION, DATED 02.08.201 3, ASSESSEE-COMPANY HAS SUBMITTED THAT IT HAD FILED AN APPEAL BEFORE THE TRIBUNAL RAISING SIX GROUNDS OF APPEAL, THAT TRIBUNAL HAD DISPOSED OFF THE APPEAL BY AN EX-PARTE ORDER FOR NON-APPEARA NCE ON THE DATE OF HEARING. THE APPLICATION IS ACCOMPANIED BY AN AFFIDAVIT DATED 31 ST JULY 2013 OF DIRECTOR OF THE COMPANY. DURING THE C OURSE OF HEARING BEFORE US, IT WAS SUBMITTED BEFORE US TH AT TAXATION MANAGER OF THE COMPANY WAS INSTRUCTED TO APPEAR BEFORE THE BENCH, THAT ORDER P ASSED ON 15 TH JULY 2013 SHOULD BE RECALLED. 2 .WE HAVE HEARD THE SUBMISSIONS OF THE AUTHORISED RE PRESENTATIVE(AR) AND PERUSED THE MATERIAL BEFORE US. WE ARE OF THE OPINION THAT MATT ER SHOULD BE REHEARD AND BE DECIDED ON MERIT. THEREFORE, CASE IS ADJOURNED TO 16.04.2014 FOR HEAR ING BEFORE REGULAR BENCH. AS BOTH THE PARTIES WERE INFORMED ABOUT THE NEXT DATE OF HEARING IN THE COURT, SO NO FRESH NOTICE WILL BE ISSUED. AS A RESULT, MISCELLANEOUS APPLICATION FILE D BY THE ASSESSEE-COMPANY STANDS ALLOWED. +) $, +) $, +) $, +) $, !-+$ !-+$ !-+$ !-+$ DAIUH DAIUH DAIUH DAIUH . / / / / FD;K X;K FD;K X;K FD;K X;K FD;K X;K FOFO/K FOFO/K FOFO/K FOFO/K VKOSNU VKOSNU VKOSNU VKOSNU 0$ 0$ 0$ 0$ F FF F ;K ;K ;K ;K $ $ $ $ K KK K 12 1212 12 S SS S . ORDER PRONOUNCED IN THE O PEN COURT ON 7 TH FEBRUARY, 2014. * # &'() 3 4! 7 QJ QJQJ QJOJH OJHOJH OJH ,201 4 ' # 5' 6 SD/- SD/- ( . . / B.R. MITTAL) ( / RAJENDRA) / JUDICIAL MEMBER / ACCOUNTANT MEMBER ' / MUMBAI, 4! /DATE: 07.02.2014 SK MA NO. 292 /MUM/2013 CLASSIC SHARES & ST OCK BROKING SERVICES LTD. 2 * * * * # ## # $ 7 $ 7 $ 7 $ 7 87($ 87($ 87($ 87($ / COPY OF THE ORDER FORWARDED TO : 1. ASSESSEE / 2. RESPONDENT / 3. THE CONCERNED CIT(A)/ 9 : , 4. THE CONCERNED CIT / 9 : 5. DR C BENCH, ITAT, MUMBAI / 7;5 $!- <= , . . . ' 6. GUARD FILE/ 5< >' 7$ $ //TRUE COPY// *! / BY ORDER, ? / 1 DY./ASST. REGISTRAR -) , ' /ITAT, MUMBAI