Case Law Details

Case Name : Classic Shares & Stock Brooking Services Limited Vs. ACIT (ITAT Mumbai)
Appeal Number : ITA No. 6876/Mum/2008: 18/01/2012
Date of Judgement/Order : 2005- 2006
Related Assessment Year :
Courts : All ITAT (5321) ITAT Mumbai (1660)

Classic Shares & Stock Brooking Services Limited Vs. ACIT (ITAT Mumbai)- This appeal was fixed for hearing on 16.01.2012. However, despite notice, none appeared on behalf of the assessee nor has it moved any application for adjournment. It is, therefore, presumed that the assessee is not interested in prosecuting its appeal. Accordingly, by applying the ratio laid down by the ITAT Delhi Bench in the case of CIT Vs. Multiplan India (P.) Ltd. [(1991) 38 ITD 320], we dismiss this appeal filed by the Appellant- assessee as not maintainable.

INCOME TAX APPELLATE TRIBUNAL, MUMBAI

ITA No. 6876/Mum/2008: Asst. Year- 2005- 2006

M/s. Classic Shares & Stock Brooking Services Limited

Vs.

The Asst. Commissioner of Income-tax

Date of Pronouncement: 18.01.2012

 

ORDER

Per R.S.Syal, AM:

This appeal by assessee is directed against the order passed by the Commissioner of Income-tax (Appeals) on 11.09.2008 in relation to the assessment year 2005- 2006.

2. This appeal was fixed for hearing on 16.01.2012. However, despite notice, none appeared on behalf of the assessee nor has it moved any application for adjournment. It is, therefore, presumed that the assessee is not interested in prosecuting its appeal. Accordingly, by applying the ratio laid down by the ITAT Delhi Bench in the case of CIT Vs. Multi plan India (P.) Ltd. [(1991) 38 ITD 320], we dismiss this appeal filed by the Appellant- assessee as not maintainable.

3. In the result, the appeal is dismissed.

Order pronounced on this 18th day of January, 2012. 

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