One more opportunity can be allowed to assessee in presence of number of case pending against him

Last updated: 02 November 2012

Court :
INCOME TAX APPELLATE TRIBUNAL

Brief :
We have considered the prayer for adjournment and have also gone through the orders and the Affidavit filed by the appellant company, we find that even the revenue authorities are aware that the assessee and its directors are involved in a number of court cases, filed by the various institutions and creditors and also that the factory premises has been taken over by MSFC against the loan outstanding on the assessee. Looking into the financial and factual position of the assessee and the circumstance in which the assessee is involved in, we feel that in the overall interest of justice and compassion, the assessee can be given one more opportunity to present its case on merits before the revenue authorities.

Citation :
M/s. Pivotal Remedies Pvt. Ltd., C/o. Shri Nagendra Sharma, Director, 502, Jogani Apt., Dongarshi Road, Walkeshwar, Mumbai-400 006 (Appellant) Vs. ACIT, Cir. 6(1) Aayakar Bhavan, M. K. Marg, Mumbai-400 020 (Respondent)