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Income Tax Appellate Tribunal, “A” BENCH, MUMBAI
Before: SHRI SANJAY ARORA, AM & SHRI AMIT SHUKLA, JM
O R D E R Per Sanjay Arora, A. M.: This is an Appeal by the Revenue directed against the Order by the Commissioner of Income Tax (Appeals)-I, Mumbai (‘CIT(A)’ for short) dated 25.5.2011, allowing the Assessee’s appeal contesting its assessment u/s.143(3) r/w s. 147 of the Income Tax Act, 1961 (‘the Act’ hereinafter) for the assessment year (A.Y.) 2003-04 vide order dated 06.12.2010.
None appeared for and behalf of the assessee-respondent when the appeal was called out for hearing, despite service of notice of hearing sent through RPAD. At the very outset, it was observed by the Bench that the tax effect of the Revenue’s appeal