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Income Tax Appellate Tribunal, MUMBAI BENCH “C”, MUMBAI
Before: SHRI D.T. GARASIA & SHRI RAJESH KUMAR
Per D.T. GARASIA, Judicial Member:
The present appeal has been preferred by the assessee against the order dated 29.11.2013 of the Commissioner of Income Tax (Appeals) [hereinafter referred to as the CIT(A)] relevant to assessment year 1999-2000.
The short facts of the case are as under:
2 M/s. Precise Exports Pvt. Ltd. The assessee is a private limited company incorporated under Companies Act, 1956. During the year, assessment was done under section 143(3) computing the total income of a sum of Rs.1,44,03,000/- and tax was demanded at Rs.76,87,601/-. The assessee disputes the whole of the said demand as well as each and every finding recorded by Assessing Officer (hereinafter referred to as the AO) in his impugned order as wholly arbitrary, against the facts and evidences on record, based on suspicion, surmises and conjectures, unreasonable and or otherwise perverse.
The matter carried to the Ld. CIT(A) and the Ld. CIT(A) has dismissed the same.
During the course of hearing, the assessee did not remain present before the Ld. CIT(A) and before the Tribunal. In absence of any evidence, we confirm the action of the Ld. CIT(A).
In the result, appeal is dismissed.
Order pronounced in the open court on 03.10.2017.