AJITCHANDRA J . THAKKAR, MUMBAI V. ACIT RG 13(2), MUMBAI

ITA 170/MUM/2012

• Counselvise Citation: [2013] 140 COUNSELVISE.COM (IT) 71738 (ITAT-MUMBAI)
• Duration Of Justice: 1 year(s) 10 month(s) 27 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 05-12-2013
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: A
• Next Hearing Date: 05-12-2013
• Assessment Year: 2008-2009
• Appeal Filed On: 09-01-2012
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: M L PERUMAL
• Assessee Lawyers: NEOMI LAKHPATIA

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL 'A' BENCH, MUMBAI BEFORE SHRI D. MANMOHAN, VICE PRESIDENT AND SHRI SANJAY ARORA, ACCOUNTANT MEMBER ITA NO. 170/MUM/2012 (ASSESSMENT YEAR: 2008-09) MR. AJITCHANDRA J. THAKKAR ACIT, RANGE 13(2) C/O MORARJI PERAJ & CO. AAYAKAR BHAVAN, M.K. ROAD 138, MASJID BANDER ROAD VS. MUMBAI 400020 MASJID BUNDER, MUMBAI 400003 PAN - ACDPT4375Q APPELLANT RESPONDENT APPELLANT BY: MS. NEOMI LAKHPATIA RESPONDENT BY: SHRI M.L. PERUMAL DATE OF HEARING: 05.12.2013 DATE OF PRONOUNCEMENT: 05.12.2013 O R D E R PER D. MANMOHAN, V.P. THIS APPEAL BY THE ASSESSEE IS DIRECTED AGAINST THE ORDER DATED 01.11.2011 PASSED BY CIT(A) 24, MUMBAI AND IT PER TAINS TO A.Y. 2008-09. DISALLOWANCE OF AN AMOUNT OF ` 4,99,889/- ON ACCOUNT OF INTEREST PAID ON UNSECURED LOANS IS THE SUBJECT MATTER OF DISPUTE BE FORE US. 2. DURING THE COURSE OF HEARING THE LEARNED COUNSEL FOR THE ASSESSEE MOVED AN APPLICATION FOR WITHDRAWAL OF THE APPEAL T O WHICH REVENUE HAS NO OBJECTION. WE, THEREFORE, ALLOW ASSESSEE TO WITHDRA W ITS APPEAL. ACCORDINGLY THIS APPEAL IS DISMISSED AS WITHDRAWN. ORDER PRONOUNCED IN THE OPEN COURT ON 5 TH DECEMBER, 2013. SD/- SD/- (SANJAY ARORA) (D. MANMOHAN) ACCOUNTANT MEMBER VICE PRESIDENT MUMBAI, DATED: 5 TH DECEMBER, 2013 ITA NO. 170/MUM/2012 MR. AJITCHANDRA J. THAKKAR 2 COPY TO: 1. THE APPELLANT 2. THE RESPONDENT 3. THE CIT(A) 24, MUMBAI 4. THE CIT 13, MUMBAI CITY 5. THE DR, A BENCH, ITAT, MUMBAI BY ORDER //TRUE COPY// ASSISTANT REGISTRAR ITAT, MUMBAI BENCHES, MUMBAI N.P.