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Issues:
1. Registration of assessee firms denied by ITO but reversed by Commissioner, leading to Revenue's appeal. 2. Application for adjournment or remand made by assessees based on ongoing Special Leave Petition in Supreme Court related to a similar case. 3. Assessees argue for adjournment or remand to lower authorities to present additional materials and avoid injustice due to consideration of facts from a related case. 4. Tribunal's decision in the case of Samir Builders is cited as a basis for not granting adjournment or remand. 5. Assessees' request for remand not considered competent as they did not fully oppose the appeal. 6. Tribunal finds facts from related cases relevant and offers to consider all submissions but rejects the request for remand. 7. Tribunal upholds the decision in the case of Samir Builders and restores the ITO's orders, allowing the appeals. Analysis: 1. The judgment revolves around the issue of registration of assessee firms, where the ITO initially denied registration, but the Commissioner reversed this decision, prompting an appeal by the Revenue. The crux of the matter lies in the genuineness of the firms in question, with the Tribunal's decision in the case of Samir Builders playing a significant role in the proceedings. 2. The assessees sought an adjournment or remand based on an ongoing Special Leave Petition in the Supreme Court related to a similar case, arguing that the outcome of that petition would impact the present appeals. They expressed concerns about the potential financial burden and procedural complexities if the appeals were decided without considering the pending Supreme Court matter. 3. The assessees' application for adjournment or remand was rooted in the fear of injustice due to the consideration of facts from the case of Samir Builders without affording them an opportunity to address those facts. They contended that remanding the appeals to lower authorities would allow for a fair assessment based on all relevant materials, ensuring a just outcome for the assessees. 4. The Tribunal, however, relied on its decision in the case of Samir Builders to reject the request for adjournment or remand, emphasizing that the assessees failed to demonstrate any distinguishing features that would warrant a different approach. The Tribunal aligned with the Revenue's position based on the precedent set by the Samir Builders case. 5. The Tribunal found the assessees' request for remand to be incompetent since they did not fully oppose the appeal, which is a prerequisite for such an application. The Tribunal highlighted that the assessees' counsel did not challenge the facts found in the Samir Builders case, further diminishing the grounds for remand. 6. Despite the assessees' arguments, the Tribunal maintained that the facts from related cases were relevant and offered to consider all submissions. However, the Tribunal rejected the request for remand, asserting that the assessees had the opportunity to present their case and address any pertinent facts before the Tribunal. 7. Ultimately, the Tribunal upheld its decision in the case of Samir Builders and restored the ITO's orders, thereby allowing the appeals in favor of the Revenue. The judgment underscores the importance of consistency in decisions and the Tribunal's authority to rely on precedents to reach a verdict in similar cases.
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