Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Open DEMAT Account with in 24 Hrs and start investing now!
« From the Courts »
Open DEMAT Account in 24 hrs
 Income Tax Addition Made Towards Unsubstantiated Share Capital Is Eligible For Section 80-IC Deduction: Delhi High Court

M/s Canoro Resources Limited, Limited, 11A, 3rd Floor, Floor, Vishnu Digambar Marg, ITO New Delhi Vs. Assistant Director of Income Tax, Assistant Director of Income Circle-1(1), International Taxation, International New Delhi.
August, 06th 2014
               IN THE INCOME TAX APPELLATE TRIBUNAL
                                 `B' : NEW DELHI
                    DELHI BENCH `B

          BEFORE SHRI G.D. AGRAWAL, VICE PRESIDENT AND
                               GARG, JUDICIAL MEMBER
           SHRI CHANDRA MOHAN GARG,

                             No.174/Del/2011
                         ITA No.
                                        2007-08
                      Assessment Year : 2007-


M/s Canoro Resources           Vs.    Assistant Director of Income Tax,
Limited,                              Circle-
                                      Circle-1(1),
11A, 3rd Floor,                       International Taxation,
Sucheta Bhawan,
Sucheta                               New Delhi.
Vishnu Digambar Marg, ITO,
New Delhi ­ 110 002.
PAN : AACCC3537H.
    (Appellant)                           (Respondent)

            Appellant by        :    None.
            Respondent by       :    Smt. Parwinder Kaur, Sr.DR.

                                ORDER

PER G.D. AGRAWAL, VP :
     This appeal by the assessee is directed against the directions of
learned ADIT dated 28th June, 2010 for the AY 2007-08.







2.   At the time of hearing before us today i.e. 5th August, 2014,
neither anybody appeared on behalf of the assessee nor there was any
request for adjournment. The notice of hearing sent to the assessee
by speed post has come back from the postal authorities unserved with
the remark `left'.   The assessee has not intimated the change in
address, if any. Earlier also on 3rd October, 2013 when the matter was
listed for hearing, none appeared on behalf of the assessee.


3.   In view of the above, we are of the opinion that the assessee is
not interested in prosecuting this appeal. While taking this view, we
derive support from the decision of Delhi Bench of ITAT in the case of
                                   2                          ITA-174/Del/2011








CIT vs. Multiplan India (P.) Ltd. ­ [1991] 38 ITD 320 (Delhi).
Accordingly, we dismiss the assessee's appeal in limine.


4.    In the result, the appeal filed by the assessee is dismissed in
limine.
      Decision pronounced in the open Court on conclusion of hearing
on 5th August, 2014.


                  Sd/-                                 Sd/-
                     GARG)
     (CHANDRA MOHAN GARG)                          AGRAWAL)
                                             (G.D. AGRAWAL)
        JUDICIAL MEMBER                      VICE PRESIDENT

Dated : 05.08.2014
VK.

Copy forwarded to: -

1.    Appellant    : M/s Canoro Resources Limited,
                  11A, 3rd Floor, Sucheta Bhawan,
                  Vishnu Digambar Marg, ITO,
                  New Delhi ­ 110 002.

2.    Respondent : Assistant Director of Income Tax,
                Circle-1(1), International Taxation,
                Circle-
                New Delhi.
3.    CIT
4.    CIT(A)
5.    DR, ITAT

                             Assistant Registrar

Home | About Us | Terms and Conditions | Contact Us
Copyright 2024 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting