9911796707
TMI Blog2019 (7) TMI 1931X X X X Extracts X X X X X X X X Extracts X X X X ..... M. Rajasekhar, Addl. CIT. ORDER PER SHRI PAVAN KUMAR GADALE, JM : These are the cross appeals filed by the assessee and the Revenue against the order of Commissioner of Income Tax (Appeals)-4, Bangalore passed u/s 143(3) and u/s 250 of the Income Tax Act, 1961. 2. We shall take up the appeal of assessee in ITA No.2781/Bang/2018. At the time of hearing, it was brought to the knowledge of the B ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 019 at 2.15 P.M (letter placed on record). None appeared at the time of hearing, from the file record it was found that the assessee has not rectified the defect of short payment of appeal fees of Rs.9,500 and balance payment is outstanding payable. We considering the action of the assessee in not rectifying the defect and non- compliance of the directions of the ITAT, Registry, dismiss the appeal ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r considering the submissions of the assessee, is of the opinion that the business of the assessee company is not setup and considering the matching concept of accounting has disallowed business loss of Rs.37,32,655 and made disallowance under Section 14A r.w. Rule 8D of Rs.54,43,142 and assessed the total income of Rs.36,42,970 and passed order under Section 143(3) of the Act Dt.27.12.2017. Aggri ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... or allowing the revenue's appeal. None appeared on behalf of the assessee. 6. We heard the learned Departmental Representative. The learned Departmental Representative has emphasizing that the CIT (Appeals) has erred in restricting the deduction to Rs.24,65,753 whereas the Assessing Officer has made disallowance in the assessment order of Rs.95,73,377. The learned Departmental Representative ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
