ODYSSEY CAPITAL P. LTD, MUMBAI v. ACIT 5(2), MUMBAI

ITA 1853/MUM/2009 | 2005-2006
Pronouncement Date: 14-05-2010 | Result: Allowed

Appeal Details

RSA Number 185319914 RSA 2009
Bench Mumbai
Appeal Number ITA 1853/MUM/2009
Duration Of Justice 1 year(s) 1 month(s) 21 day(s)
Appellant ODYSSEY CAPITAL P. LTD, MUMBAI
Respondent ACIT 5(2), MUMBAI
Appeal Type Income Tax Appeal
Pronouncement Date 14-05-2010
Appeal Filed By Assessee
Order Result Allowed
Bench Allotted C
Tribunal Order Date 29-08-2011
Date Of Final Hearing 29-08-2011
Next Hearing Date 29-08-2011
Assessment Year 2005-2006
Appeal Filed On 23-03-2009
Judgment Text
IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCH C : MUMBAI BEFORE SHRI D.K. AGARWAL (JM) AND SHRI T.R. SOOD (AM) ITA NO.1853/MUM/2009 ASSESSMENT YEAR : 2005-05 M/S. ODYSSEY CAPITAL PVT. LTD 4 TH FLOOR SADHANA HOUSE 570 PANDURANG BUDHKAR MARG WORLI MUMBAI-400 018. ..( APPELLANT ) P.A. NO. (AAACO 2528 A) VS. ASSTT. COMMISSIONER OF INCOME TAX -5(2) MUMBAI. ..( RESPONDENT ) APPELLANT BY : NONE RESPONDENT BY : SHRI K. SINGH O R D E R PER D.K. AGARWAL (JM). THIS APPEAL PREFERRED BY THE ASSESSEE IS DIRECTED AGAINST T HE ORDER DATED 27.10.2008 PASSED BY THE LD. CIT(A) FOR T HE ASSESSMENT YEAR 2005-06. 2. AT THE TIME OF HEARING NONE WAS PRESENT ON BEHALF OF THE ASSESSEE NOR FILED ANY APPLICATION FOR ADJOURNMENT OF TH E CASE. IT APPEARS THAT THE ASSESSEE IS NOT INTERESTED TO PURSUE THE A PPEAL. HENCE FOLLOWING THE DECISION OF THE TRIBUNAL DELHI BEN CH IN THE CASE ITA NO.1853/M/09 A.Y:05-06 2 OF CIT VS. MULTIPLAN INDIA LIMITED REPORTED IN 38 IT D 320 THE APPEAL FILED BY THE ASSESSEE IS TREATED AS UNADMITTED FOR WANT OF PROSECUTION. 3. THE ASSESSEE SHALL HOWEVER BE AT LIBERTY TO APPROAC H THE TRIBUNAL FOR RECALLING OF THIS ORDER IF PREVENTED BY SUFFICIENT CAUSE FOR NON-APPEARANCE ON THE DATE OF HEARING. 4. IN THE RESULT THE ASSESSEES APPEAL STANDS DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON 14.5.2010. SD/- SD/- (T.R. SOOD) ( D.K. AGARWAL ) ACCOUNTANT MEMBER JUDICIAL MEMBER MUMBAI DATED: 14.5.2010. JV. COPY TO: THE APPELLANT THE RESPONDENT THE CIT CONCERNED MUMBAI THE CIT(A) CONCERNED MUMBAI THE DR BENCH TRUE COPY BY ORDER DY/ASSTT. REGISTRAR ITAT MUMBAI.