M/S PEGASUS ASSETS RECONSTRUCTION PVT LTD., MUMBAI V. ASST. CIT CIRCLE-3 (2)(2), MUMBAI

ITA 6484/MUM/2019

• Counselvise Citation: [2021] 107 COUNSELVISE.COM (IT) 8303 (ITAT-MUMBAI)
• Duration Of Justice: 1 year(s) 9 month(s) 28 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 09-08-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: C
• Assessment Year: 2014-2015
• Appeal Filed On: 11-10-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Assessee Lawyers: RAJNIKANT CHAMARIA

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL, MUMBAI BENCH C, MUMBAI BEFORE SHRI RAJESH KUMAR, ACCOUNTANT MEMBER AND SHRI RAVISH SOOD, JUDICIAL MEMBER ITA NO.6484/M/2019 ASSESSMENT YEAR: 2014-15 M/S. PEGASUS ASSETS RECONSTRUCTION PVT. LTD., 507, DALAMAL HOUSE, JAMNALAL BAJAJ ROAD, NARIMAN POINT, MUMBAI 400 021 PAN: AADCP 3334Q VS. ACIT, CIRCLE-3(2)(2), ROOM NO.608, AAYAKAR BHAVAN, M.K. ROAD, MUMBAI - 400020 (APPELLANT) (R ESPONDENT) PRESENT FOR: ASSESSEE BY : SHRI RAJNIKANT CHAMARIA, A.R. REVENUE BY : MS. SHREEKALA PARDESHI, D.R. DATE OF HEARING : 29.07.2021 DATE OF PRONOUNCEMENT : 09.08.2021 O R D E R PER RAJESH KUMAR, ACCOUNTANT MEMBER: THE PRESENT APPEAL HAS BEEN PREFERRED BY THE ASSES SEE AGAINST THE ORDER DATED 18.07.2019 OF THE COMMISSIO NER OF INCOME TAX (APPEALS) [HEREINAFTER REFERRED TO AS TH E CIT(A)] RELEVANT TO ASSESSMENT YEAR 2014-15. 2. AT THE TIME OF HEARING, THE ASSESSEES COUNSEL B ROUGHT TO THE NOTICE OF THE BENCH A LETTER FILED ON 26.07.202 1 REQUESTING THE BENCH TO ALLOW THE WITHDRAWAL OF THIS APPEAL. THE LD. A.R., THEREFORE, REQUESTED THAT THE ASSESSEE MAY KINDLY B E ALLOWED TO WITHDRAW ITS APPEAL TO WHICH THE LD. D.R. DID NOT O BJECT. ACCORDINGLY, WE ARE DISMISSING THE APPEAL AS WITHDR AWN. ITA NO.6484/M/2019 M/S. PEGASUS ASSETS RECONSTRUCTION PVT. LTD. 2 3. THE APPEAL OF THE ASSESSEE IS DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON 09.08.2021. SD/- SD/- ( RAVISH SOOD) (RAJESH KUMAR) JUDICIAL MEMBER ACCOUNTANT MEMBER MUMBAI, DATED: 09.08.2021. * KISHORE, SR. P.S. COPY TO: THE APPELLANT THE RESPONDENT THE CIT, CONCERNED, MUMBAI THE CIT (A) CONCERNED, MUMBAI THE DR CONCERNED BENCH //TRUE COPY// [ BY ORDER DY/ASS TT. REGISTRAR, ITAT, MUMBAI.