FIRST GLOBAL STOCK BROKING PRIVATE LIMITED,NAVI MUMBAI vs. COMMISSIONER OF INCOME TAX, MUMBAI

Facts

The assessee, First Global Stock Broking Private Limited, appealed against a CIT(A) order for AY 2013-14, passed under Section 250 of the Income Tax Act. The assessee neither appeared for the tribunal hearing despite proper notice nor provided sufficient cause for not filing the original appeal before the CIT(A) within the stipulated time.

Held

The Income Tax Appellate Tribunal proceeded ex-parte against the assessee due to non-appearance. The Tribunal upheld the CIT(A)'s decision to dismiss the appeal for being time-barred, finding no new facts or circumstances to warrant interference with the CIT(A)'s lawful findings.

Key Issues

Whether the CIT(A) and subsequently the ITAT were justified in dismissing the assessee's appeal due to non-appearance and the failure to file the appeal within the prescribed time limit.