2012 (2) TMI 87

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....order dated 5.4.2010 passed by the ld. CIT(A) for the Assessment Year 2006-07. 2. At the time of hearing, none attends on behalf of the assessee nor filed any application for adjournment of the case. In the absence thereof, it was decided to dispose of the appeal ex-parte, qua the assessee, on merits after hearing the learned D.R. 3. Briefly stated facts of the case are that the assessee company....

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....ax Rules, 1962 added a sum of Rs.1,26,440/- to the total income of the assessee as per working given at page 3 of the assessment order and accordingly completed the assessment at a book profit u/s 115JB at Rs.1,37,31,103/- vide order dated 24.12.2008 passed u/s 143(3) of the Act. On appeal, the ld. CIT(A) while agreeing with the views of the AO and relying on the decision of the Special Bench of t....

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....e Jurisdictional High Court in Godrej & Boyce Mfg. Co. Ltd., V/s. DCIT in (2010) 328 ITR 81 (Bom.), wherein Their Lordships after considering the decision of the Tribunal in Daga Capital Management Pvt. Ltd. 117 ITD 169 (Mum)(SB), while holding that the provisions of sub sections (2) and (3) of sec.14A of the Act are constitutional lyval id have held vide placitum 88(vi) appearing at page 138 of t....