The Institute of Chartered Shipbrokers, CHENNAI V. DIT, (Exemptions), CHENNAI

MA 76/CHNY/2012

• Counselvise Citation: [2012] 123 COUNSELVISE.COM (IT) 8566 (ITAT-CHENNAI)
• Duration Of Justice: 29 day(s)
• Appeal Type: Miscellaneous Application
• Pronouncement Date: 13-07-2012
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: A
• Next Hearing Date: 13-07-2012
• Assessment Year: misc
• Appeal Filed On: 14-06-2012
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: SHAJI P JACOB IRS
• Assessee Lawyers: S SATHIYANAR AYANAN

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL A BENCH, CHENNAI BEFORE DR. O.K.NARAYANAN, VICE-PRESIDENT AND SHRI CHALLA NAGENDRA PRASAD, JUDICIAL MEMBER M.P. NO.76(MDS)/2012 IN ITA NO.348(MDS)/2012 THE INSTITUTE OF CHARTERED SHIPBROKERS, MADRAS BRANCH NO.6, II FLOOR, INDIAN CHAMBER BLDG., ESPLANADE, CHENNAI-600 018. PAN AAATT5085C. VS. THE DIRECTOR OF INCOME-TAX, (EXEMPTIONS), CHENNAI. (PETITIONER) (RESPONDENT) PETITIONER BY : SHRI S.SATHIYAN ARAYANAN, ADVOCATE RESPONDENT BY : SHRI SHAJI P JACOB, IRS, CIT. DATE OF HEARING : 13 TH JULY, 2012 DATE OF PRONOUNCEMENT : 13 TH JULY, 2012 O R D E R PER DR.O.K.NARAYANAN, VICE-PRESIDENT: THIS IS A RESTORATION PETITION FILED BY THE ASSES SEE. THE APPEAL FILED BY THE ASSESSEE IN ITA NO.348(MDS)/201 2 WAS - - MP 76 OF 2012 2 DISPOSED OF BY THE TRIBUNAL EX-PARTE ON 3-5-2012, F OR THE DEFAULT OF NON PROSECUTION OF THE APPEAL. 2. FOR THE REASONS STATED IN THE PETITION, WE FIND THAT THERE WAS NO LAPSE ON THE PART OF THE ASSESSEE IN P ROSECUTING THE APPEAL. THEREFORE, OUR EARLIER EX-PARTE ORDER DATED 3-5-2012 IS RECALLED AND THE APPEAL IN ITA NO.348(MDS)/2012 IS RESTORED ON THE ROLLS OF THE TRIBUNAL FOR FRESH HEARING AND DISPOSAL IN ACCORDANCE WITH LAW. 3. THE APPEAL STANDS POSTED TO 17-7-2012. 4. IN RESULT, THE MISCELLANEOUS PETITION IS ALLOWE D. ORDER PRONOUNCED IN THE OPEN COURT AT THE TIME OF HEARING ON FRIDAY, THE 13 TH OF JULY, 2012 AT CHENNAI. SD/- SD/- (CHALLA NAGENDRA PRASAD) (DR. O.K.NARAYANAN) JUDICIAL MEMBER VICE-PRESIDENT CHENNAI, DATED THE 13 TH JULY, 2012. V.A.P. COPY TO: (1) PETITIONE R (2) RESPONDENT (3) CIT (4) CIT(A) (5) D.R. (6) G.F.