Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: ACCOUNTING STANDARD :: VAT Audit :: empanelment :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARDS :: form 3cd :: ARTICLES ON INPUT TAX CREDIT IN VAT :: articles on VAT and GST in India :: cpt :: Central Excise rule to resale the machines to a new company :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TDS :: list of goods taxed at 4% :: VAT RATES :: due date for vat payment
 
 
From the Courts »
 Nishant Construction Pvt. Ltd vs. ACIT (ITAT Ahmedabad)
 Flipkart India Private Limited vs. ACIT (Karnataka High Court)
 JSW Steel Ltd vs. ACIT (ITAT Mumbai)
  CIT vs. Uday M. Ghare (Bombay High Court)
 Ajay Enterprises Pvt. Ltd. Vs. Assistant Commissioner Of Income Tax (Tds) And Ors.
 Rakesh Raj And Associates Vs. Commissioner Of Income Tax, Central-Ii & Anr.
 Venu Charitable Society And Anr. Vs. Director General Of Income Tax
 Wadhwa Estate & Developers India Pvt. Ltd vs. ACIT (ITAT Mumbai)
 CIT vs. Uday M. Ghare (Bombay High Court)
  Ajay Enterprises Pvt. Ltd. Vs. Assistant Commissioner Of Income Tax (Tds) And Ors.
 Anita D Kanjani vs. ACIT (ITAT Mumbai)

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                          Respondent

                   Appellant by:      None
                   Respondent by:     Shri Krishnamoorthy

                   Date of Hearing:       25.10.2012
                   Date of Pronouncement: 25.10.2012




                                 ORDER

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.

                Sd/-                                   Sd/-
             (Rajendra)                           (D. Manmohan)
         Accountant Member                        Vice President

Mumbai, Dated: 25th October, 2012
                                       2                 ITA No. 6304/Mum/2011
                                                              Shri Rajesh J. Israni

Copy to:

   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

                                                      By Order

//True Copy//
                                                   Assistant Registrar
                                           ITAT, Mumbai Benches, Mumbai
n.p.
 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Quality Assurance Services Testing and Re-testing

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions