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 Income Tax Addition Made Towards Unsubstantiated Share Capital Is Eligible For Section 80-IC Deduction: Delhi High Court

M/s Uniparts India Ltd., Block 5, Gripwel House, C-6&7, LSC, Vasant Kunj, New Delhi VS. Additional Commissioner of Income Tax, Range-18, New Delhi
June, 12th 2014
                                                          ITA NO. 1824/Del/2012


                  IN THE INCOME TAX APPELLATE TRIBUNAL
                       DELHI BENCH "H", NEW DELHI
              BEFORE SHRI U.B.S. BEDI, JUDICIAL MEMBER
                                     AND
                   SHRI B.R. JAIN, ACCOUNTANT MEMBER


                          I.T.A. No. 1824/DEL/2012
                                 A.Y. : 2008-09
M/s Uniparts India             VS.                   Additional
Ltd.,                                                Commissioner of
Block   5,   Gripwel                                 Income Tax,
House,                                                Range-18,
C-6&7, LSC, Vasant                                   New Delhi
Kunj, New Delhi
(PAN: AAACU0454D)
(APPELLANT)                                          (RESPONDENT)



          Assessee by                 :    None A's
         Department by                :    Sh. Sameer Sharma, Sr. D.R.


                              ORDER
PER U.B.S. BEDI : JM
     This appeal of the assessee emanates from the order             passed
by the Ld. CIT(A)-XXI, New Delhi dated 29.2.2012 relevant to
assessment year 2008-09.






2.   Despite getting the case adjourned for 2.6.2014 assessee did
not appear nor any application for adjournment has been received.
It is thus inferred that the assessee is not interested in prosecution
of this appeal.

3.   Having regard to Rule 19(2) of ITAT Rules and following various
decisions of Delhi Bench of the Tribunal including that of Multiplan
India Ltd. : 38 ITD 320 (Delhi) and Hon'ble Madhya Pradesh High
Court's decision in Estate of Late Tukojirao Holkar vs. CWT; 223 ITR







                                      1
                                                       ITA NO. 1824/Del/2012


480 (MP), we treat this appeal as      unadmitted     and dismiss the
same.

4.    As a result, the appeal of the assessee is dismissed in limine.

5.    Order pronounced in the Open Court on 02nd June, 2014.

      Sd/-                                               Sd/-

      JAIN]
[B.R. JAIN]                                                BEDI]
                                                   [U.B.S. BEDI]
ACCOUNTANT MEMBER                                  JUDICIAL MEMBER

Date 02/6/2014
"SRBHATNAGAR"
Copy forwarded to: -
1.    Appellant -

2.    Respondent -
3.    CIT
4.    CIT (A)
5.    DR, ITAT


                            TRUE COPY
                                                   By Order,




                                                  Assistant Registrar,
                                                  ITAT, Delhi Benches




                                   2
    ITA NO. 1824/Del/2012




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