AMBIT INVESTMENT ADVISORY CO. LTD MUMBAI vs ACIT 8(1) MUMBAI
Party Details
- AMBIT INVESTMENT ADVISORY CO. LTD MUMBAI
- ACIT 8(1) MUMBAI
Case Summary
AMBIT INVESTMENT ADVISORY CO. LTD MUMBAI vs ACIT 8(1) MUMBAI (Case No. ITA 1197/MUM/2011) is listed in the Income Tax, filed on 9 Feb 2011. The case was disposed of. 1 order has been issued in this matter.
Orders (1)
- 2SEP 2013judgementView Order ↗
Order No: N/A
Judgement DetailsView full order PDF ↗
आयकर आयकर आयकर आयकर अपील य अपील य अपील य अपील य अ धकरण अ धकरण अ धकरण अ धकरण, मुंबई मुंबई मुंबई मुंबई, “आई” यायपीठ यायपीठ यायपीठ यायपीठ मुंबई मुंबई मुंबई मुंबई म। म। म। म। IN THE INCOME TAX APPELLATE TRIBUNAL “I” BENCH, MUMBAI ी ी ी ी वजय पाल राव, या यक सद य एवं एवं एवं एवं ी ी ी ी एन. के. %बलै'या, लेखा सद य केकेकेके सम) सम) सम) सम) । BEFORE SHRI VIJAY PAL RAO, JM AND SHRI N.K.BILLAIYA, AM आयकर अपील सं./I.T.A.
No.
1197 /Mum/2011 ( नधा*रण नधा*रण नधा*रण नधा*रण वष* वष* वष* वष* / Assessment Year : 2006-07) Ambit Investment Advisory Co.
Ltd., FCH House, Peninsula Corporate Park, Ganpatrao Kadam Marg, Lower Parel, Mumbai-400013 बनाम बनाम बनाम बनाम/ Vs.
Asst.
Commissioner of Income-tax, 8(1), Mumbai, थायी लेखा सं./PAN : AAFCA5692N (अपीलाथ- /Appellant) .. (./यथ- / Respondent) अपीलाथ- क0 ओर से / Appellant by : None ./यथ- क0 ओर से/ Respondent by : Shri O.P.Singh सुनवाई क0 तार ख /Date of Hearing : 02-09-2013 घोषणा क0 तार ख /Date of Pronouncement : 02-09-2013 आदेश / O R D E R PER N.K.
BILLAIYA, AM: This appeal by the assessee is directed against the order dated 29.11.2010 of CIT (A)-16, Mumbai for the assessment years 2006-07.
The assessee has raised disputes on several grounds.
However no one appeared to represent the case when the appeal came up for hearing today on 02.09.2013.
2 ITA No.1197/Mum/2011 Ambit Investment Advisory co.
Ltd.
2.
In the circumstances mentioned above it be can reasonably be concluded that the assessee is not interested in pursuing the appeal.
The appeal does not mean only filing of memorandum of appeal but also pursuing it effectively as held by Hon’ble Supreme Court in case of B.N.
Bhatacharjee and Anr. (118 ITR 461) (at pages 477/478).
In such cases where an appellant is not interested in prosecution of appeal Court/Tribunal have inherent power to dismiss the proceedings for non prosecution as held by Hon’ble High Court of Mumbai in case M/s.
Chemipol Vs Union of India in Excise Appeal No.
62/2009. .
62/2009.
On the facts of this case we are convinced that the assessee is not interested in pursuing the appeal.
We, therefore, dismiss the appeal of the assessee as unadmitted.
3.
In the result appeal of the assessee is dismissed.
Order pronounced in the open court on 02/09/2013 आदेश क0 घोषणा खुले यायालय म 6दनांक 02/09/2013, को क0 गई । Sd/- (SRI VIJAY PAL RAO) Sd/- (SRI N.K.BILLAIYA) या यक सद य / JUDICIAL MEMBER लेखा सद य / ACCOUNTANT MEMBER मुंबई Mumbai; 6दनांक /Dated : 02nd September, 2013.
Shekhar आदेश आदेश आदेश आदेश क0 क0 क0 क0 . त8लप . त8लप . त8लप . त8लप अ9ेषत अ9ेषत अ9ेषत अ9ेषत/Copy of the Order forwarded to : 1. अपीलाथ- / The Appellant 2. ./यथ- / The Respondent.
3. आयकर आयु:(अपील) / The CIT- , Mumbai.
4. आयकर आयु: / CIT(A)- , Mumbai 3 ITA No.1197/Mum/2011 Ambit Investment Advisory co.
5. वभागीय . त न ध, आयकर अपील य अ धकरण, मुंबई / DR, ITAT, Mumbai 6. गाड* फाईल / Guard file. आदेशानुसार आदेशानुसार/ BY ORDER, स/यापत . त //True Copy// उप उप उप उप/सहायक सहायक सहायक सहायक पंजीकार पंजीकार पंजीकार पंजीकार (Dy./Asstt.
Registrar) आयकर आयकर आयकर आयकर अपील य अपील य अपील य अपील य अ धकरण अ धकरण अ धकरण अ धकरण, मुंबई / ITAT, Mumbai