Shri Rajesh J. Israni 151, Cassablanca, Mumbai 400005 Vs. Income Tax Officer- 3(1)(1) Cuffe Parade 6th Floor, Aayakar Bhavan M.K. Road, Mumbai 400020
October, 26th 2012
IN THE INCOME TAX APPELLATE TRIBUNAL
"E" Bench, Mumbai
Before Shri D. Manmohan, Vice President
and Shri Rajendra, Accountant Member
ITA No. 6304/Mum/2011
(Assessment Year: 2006-07)
Shri Rajesh J. Israni Income Tax Officer- 3(1)(1)
151, Cassablanca, Cuffe Parade Vs. 6th Floor, Aayakar Bhavan
Mumbai 400005 M.K. Road, Mumbai 400020
PAN - AAAPI 0639 K
Appellant by: None
Respondent by: Shri Krishnamoorthy
Date of Hearing: 25.10.2012
Date of Pronouncement: 25.10.2012
Per D. Manmohan, V.P.
This appeal filed by the assessee is directed against the order dated
03.05.2011 passed by the CIT(A)7, Mumbai and it pertains to A.Y. 2006-07.
2. The only ground raised by the assessee pertains to disallowance of
deemed capital gains arising from the transfer of short term capital asset
under section 50(2).
3. The assessee, vide letter dated 15th October, 2012, moved an
application for withdrawal of his appeal to which Revenue has no objection.
We, therefore, allow assessee to withdraw its appeal. Accordingly this appeal
is dismissed as withdrawn.
Order pronounced in the open court on 25th October, 2012.
(Rajendra) (D. Manmohan)
Accountant Member Vice President
Mumbai, Dated: 25th October, 2012
2 ITA No. 6304/Mum/2011
Shri Rajesh J. Israni
1. The Appellant
2. The Respondent
3. The CIT(A) 7, Mumbai
4. The CIT 3, Mumbai City
5. The DR, "E" Bench, ITAT, Mumbai
ITAT, Mumbai Benches, Mumbai