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 Attachment on Cash Credit of Assessee under GST Act: Delhi HC directs Bank to Comply Instructions to Vacate
 Income Tax Addition Made Towards Unsubstantiated Share Capital Is Eligible For Section 80-IC Deduction: Delhi High Court

M/s Jayanita,17,Shivaji Marg,Najafgarh Road, New Delhi V/s. ACIT, Circle-25(1), New Delhi
October, 26th 2012
       IN THE INCOME TAX APPELLATE TRIBUNAL DELHI `D' BENCH
        BEFORE SHRI RAJPAL YADAV, JM & SHRI A.N. PAHUJA, AM
                           ITA no.5660/Del/2010
                               AY:2000-01

M/s Jayanita,                          V/s .       ACIT, Circle-25(1),
17,Shivaji Marg,Najafgarh                          New Delhi
Road, New Delhi

                                [PAN : AAAFJ0394C]


(Appellant)                                        (Respondent)

              Assessee by            None
              Revenue by             Ms. Sumna Sen,DR


                Date of hearing                  17-10-2012
                Date of pronouncement            17-10-2012







                                    ORDER



A.N.Pahuja:- This appeal filed on 14.12.2010 by the assessee against an
order dated 8-10-2010 of the ld. CIT(A)-VIII, New Delhi, raises a number of
grounds relating to reopening of assessment and disallowance of `1,54,51,761/-
on account of excess claim of deduction u/s 80HHC of the Income-tax
Act,1961[hereinafter referred to as the `Act'] besides ground relating to levy of
interest u/s 234B of the Act.

2. None appeared before us on behalf of the assessee when the appeal was
called for hearing nor any request for adjournment      was filed . It, therefore,
appears that the assessee is not interested in pursuing the appeal. In these
circumstances, following the decision of the Delhi Bench of the Tribunal in the
case of Multiplan (India) Pvt. Ltd. Vs CIT [38 ITD 320] (Del) and the decision of
the Hon'ble Madhya Pradesh High Court in the case of Estate of Late Tukojirao
                                      2            I.T.A. no 5660/Del./2010







Holkar Vs CWT [(1996) 223 ITR 480 (MP)], the appeal filed by the assessee is
dismissed in limine.

                  Order pronounced in open Court

          Sd/-                                                   Sd/-
    (RAJPAL YADAV)                                        (A.N. PAHUJA)
 (Judicial Member)                                     (Accountant Member)
Copy of the Order forwarded to:-
      1. Assessee.
      2. ACIT, Circle-25(1), New Delhi
      3. CIT concerned.
      4. CIT(A)-VIII, New Delhi
      5. DR, ITAT,'D' Bench, New Delhi
      6. Guard File.
                                                                    BY ORDER,
                                                           Deputy/Asstt.Registrar
                                                                     ITAT, Delhi
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