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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 Sunshine Pulps & Papers Vs Pvt. Ltd. No. 51,Furniture Block,Kirti Nagar New Delhi ACIT,Circle-9(1) ,New Delhi.
June, 01st 2012
     IN THE INCOME TAX APPELLATE TRIBUNAL: `G' BENCH ,NEW DELHI
          (BEFORE S/SHRI SHRI A.D.JAIN ,JM & A.N.PAHUJA, AM )
                         ITA no. 3481/Del/2010
                         Asstt. Year:- 2001-02

     M/s Sunshine Pulps & Papers Vs                   ACIT,Circle-9(1) ,
     Pvt. Ltd.                                         New Delhi.
     No. 51,Furniture Block,Kirti Nagar
     New Delhi
     [PAN:AAGCS1781F]

               (Appellant)                                  (Respondent)

                               Assessee by   :     None
                               Revenue by    :     Smt. Surjani Mohanty , DR

                               Date of Hearing:-       31-05-2012
                               Date of Pronouncement:- 31-05-2012
                                         ORDER

A.N. PAHUJA:            This appeal filed on 16.7.2010 by the assessee against an
order dated 26-03-2010 of the ld. CIT(A), Delhi-XII, raises          grounds relating to
levy    of   penalty      of     `14,69,536/-u/s    271(1)(c)   of     the   Income-tax
Act,1961[hereinafter referred to as the `Act']







2.     None appeared on behalf of the assessee when the appeal was called for
hearing nor any request for adjournment was filed. In these circumstances, it ,
therefore, appears that the assessee is not interested in pursuing this appeal.
Accordingly, 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
Holkar Vs CWT [(1996) 223 ITR 480 (MP)], this appeal filed by the assessee is
dismissed, in limine.


      Sd/-                                                                   Sd/-
  (A.D.Jain)                                                           (A.N. Pahuja)
Judicial Member                                                      Accountant Member
New Delhi
                                   2                ITA no.3481/Del/2010

Copy of the order forwarded to :
The Assessee/CIT concerned/CIT(A)-XII,New Delhi / ACIT,Circle-9(1), New
Delhi/DR/ Guard file
                                                              By order

                          Deputy Registrar of ITAT, New Delhi Bench





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