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Income Tax Appellate Tribunal, “C” Bench, Mumbai
Before: Shri B.R. Baskaran (AM) & Shri Ramlal Negi (JM)
O R D E R Per B.R. Baskaran (AM) :
Both appeals filed by the assessee are directed against the orders passed by the learned CIT(A)-9, Mumbai and they relate to A.Y. 2010-11 & 2011-12.
None appeared on behalf of the assessee even though notice for hearing was sent to the assessee on more than one occasion by registered post.
In A.Y. 2010-11, the assessee is challenging the disallowance of depreciation and interest expenses. In A.Y. 2011-12 also the assessee is challenging identical additions made therein.
3. We noticed that the learned CIT(A) has passed a detailed order on both the issues in both these years. No material was placed before us to contradict the findings given by the learned CIT(A). Under these set of facts, we have no other option but to confirm the order passed by the learned CIT(A) in both years.
2 M/s. Reid & Taylor (India) Limited
In the result, both the appeals of the assessee are dismissed.
Order has been pronounced in the Court on 29.8.2018.