IN THE INCOME TAX APPELLATE TRIBUNAL
MUMBAI BENCHES “B” MUMBAI
BEFORE SHRI B.R. MITTAL, JUDICIAL MEMBER
AND
SHRI RAJENDRA, ACCOUNTANT MEMBER
ITA No. 2064/Mum/2011
Assessment Year 2004-05
Mehul Weaving Mills Pvt.
Ltd.,D-703,
Samarpan Royal,
Near Bhor Industries,
Kandivli-East,
Mumbai-400 101.
PAN: AACCM 5815 C
Vs.
The Income Tax Officer 9(2)(3),
Piramal Chamber,
Lalbaug,
Mumbai.
(Appellant) (Respondent)
Assessee by: NONE
Revenue by: Shri P.C. Maurya
Date of hearing:
Date of pronouncement:
ORDER
PER RAJENDRA, AM
The assessee has filed this appeal against the Order of the CIT(A)- 20,Mumbai,dt.
Grounds of Appeal:
1, On the facts and circumstances of the case and in law, Hon. CIT-A20, Mumbai erred in confirming the addition of Rs. 2,65,000/- in respect of loan from Mr. Ganesh Toshniwàl by treating the same as ‘Unexplained Credits’ u/s 68 of the Act
2. On the facts and circumstances of the case and in law, Hon. CIT-A20, Mumbai erred in confirming the disallowance of Rs. 1,05,059/- in respect of purchases from M/s Damodar Threads Ltd. by treating the same as ‘Unexplained Purchases’.
3 On the facts and circumstances of the case and in law, Hon CIT-A20, Mumbai erred in confirming disallowance of Rs.1,25,000/-out of the Professional Fees paid to Mr. Rakesh Khanna.
4. The appellants crave leave to add, amend or withdraw the Grounds of Appeals.
2. On
“The appeal does not mean merely filing of the appeal but effectively pursuing it”.
3. In this regard we are also supported by the decision in the case of CIT Vs Multiplan India (P) Ltd., 38 ITD 320 (Del).
4. In view of the above, and also considering the provision of Rule 19 of the Appellate Tribunal rules, 1963, appeal of the assessee is dismissed.
5. In the result, appeal of the assessee is dismissed for non-prosecution.
Order pronounced in the open court on
Sd/- Sd/-
(B.R. MITTAL) (RAJENDRA)
JUDICIAL MEMBER ACCOUNTANT MEMBER
Mumbai,
Date
TNMM
Copy to:
1. Appellant
2. Respondent
3. The concerned CIT (A)
4. The concerned CIT
5. DR “B” Bench, ITAT, Mumbai
6. Guard File
(True copy)
By Order
Asst. Registrar,
Income Tax Appellate Tribunal,
Mumbai Benches, Mumbai.