M/s. Jyoti Power Transmission (P) Ltd.,, GONDAL v. The Assistant Commissioner of Income Tax, Cen. Circle-2,, RAJKOT-GUJARAT

ITA 626/RJT/2012 | 1999-2000
Pronouncement Date: 25-10-2013 | Result: Dismissed

Appeal Details

RSA Number 62624914 RSA 2012
Assessee PAN AAACJ9341C
Bench Rajkot
Appeal Number ITA 626/RJT/2012
Duration Of Justice 10 month(s) 21 day(s)
Appellant M/s. Jyoti Power Transmission (P) Ltd.,, GONDAL
Respondent The Assistant Commissioner of Income Tax, Cen. Circle-2,, RAJKOT-GUJARAT
Appeal Type Income Tax Appeal
Pronouncement Date 25-10-2013
Appeal Filed By Assessee
Order Result Dismissed
Bench Allotted DB
Tribunal Order Date 25-10-2013
Date Of Final Hearing 18-10-2013
Next Hearing Date 18-10-2013
Assessment Year 1999-2000
Appeal Filed On 04-12-2012
Judgment Text
IN THE INCOME TAX APPELLATE TRIBULAL; RAJKOT BENCH RAJKOT .. .. BEFORE SHRI T. K. SHARMA JM AND SHRI D. K. S RIVASTAVA AM ITA NO. 626/RJT/2012 / ASSESSMENT YEAR : 1999-2000 M/S. JYOTI POWER TRANSMISSION (P) LTD. MATRU JYOT OPP. AGRO PETROL PUMP GONDAL PAN : AAACJ 9341 C ( / APPELLANT) THE ASST. COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-2 RAJKOT / RESPONDENT ! ' #$ / ASSESSEE BY SHRI D M RINDANI CA % ! ' #$ / REVENUE BY SHRI VILASH V SHINDE DR # & ' ! ( / DATE OF HEARING 18.10.2013 ) ! ( / DATE OF PRONOUNCEMENT 25.10.2013 / ORDER .. / T. K. SHARMA J. M. : THIS APPEAL FILED BY THE ASSESSEE IS AGAINST THE ORDER DATED 26.10.2012 OF THE CIT(A)-IV AHMEDABAD FOR THE ASSESSMENT YEAR 1999-2000. THE VARIOUS GROUNDS RAISED BY THE ASSESSEE IN ITS APPEAL ARE AS UNDER:- 1. THE LEARNED COMMISSIONER OF INCOME TAX (APPEALS )-IV AHMEDABAD HAS ERRED DISMISSING THE APPEAL IS UNWARRANTED UNJUSTI FIED AND BAD IN LAW. 2. THE LEARNED COMMISSIONER OF INCOME TAX (APPEALS) -IV AHMEDABAD HAS ERRED UPHOLDING THE DECISION OF THE ASSESSING OFFIC ER FOR MAKING ADDITION OF RS.2 47 821/- ON THE ALLEGED GROUND OF EXCESS STOCK IS UNWARRANTED UNJUSTIFIED AND BAD IN LAW. 3. THE LEARNED COMMISSIONER OF INCOME TAX (APPEALS) -IV AHMEDABAD HAS ERRED UPHOLDING THE DECISION OF THE ASSESSING OFFIC ER IN RESPECT OF DISALLOWANCE OF RS.7 99 740/- U/S 40A(3) OF THE I.T. ACT IS UNWA RRANTED UNJUSTIFIED AND BAD IN LAW. 4. THE LEARNED COMMISSIONER OF INCOME TAX (APPEALS) -IV AHMEDABAD HAS ERRED UPHOLDING THE DECISION OF THE ASSESSING OFFIC ER OF CHARGING INTEREST U/S 234A 234B AND 234C IS UNWARRANTED UNJUSTIFIED AND BAD IN LAW. 2. AT THE TIME OF HEARING BEFORE US ON BEHALF OF A SSESSEE SHRI D M RINDANI CA APPEARED AND CONTENDED THAT THE VARIOUS GROUNDS RAI SED IN THIS APPEAL ARE NOT PRESSED. IN THIS VIEW OF THE MATTER THE APPEAL OF THE ASSESSEE IS DISMISSED. 3. IN THE RESULT THE APPEAL FILED BY THE ASSESSEE IS DISMISSED. THIS ORDER PRONOUNCED IN OPEN COURT ON THE DATE MEN TIONED HEREINABOVE. SD/- SD/- ( *.$. % D. K. SRIVASTAVA ) ( .$. -. / T. K. SHARMA) $( #/% / ACCOUNTANT MEMBER #/% /JUDICIAL MEMBER /$- 0/1/ ORDER DATE 25.10.2013. /RAJKOT *BT 626-RJT-2012 - JYOTI POWER TRANSMISSION P LTD. 2 !'# $%'& / COPY OF ORDER FORWARDED TO:- 1. / APPELLANT- M/S. JYOTI POWER TRANSMISSION (P) LTD . MATRU JYOT OPP. AGRO PETROL PUMP GONDAL 2. / RESPONDENT- ACIT CENTRAL CIRCLE-2 RAJKOT 3. #151 & 6 / CONCERNED CIT CENTRAL-II AHMEDABAD 4. & 6 - / CIT(A)-IV AHMEDABAD 5 . 9:; / DR ITAT RAJKOT 6 . ;* <= / GUARD FILE /$- #$ / BY ORDER TRUE COPY PRIVATE SECRETARY ITAT RAJKOT