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 Attachment on Cash Credit of Assessee under GST Act: Delhi HC directs Bank to Comply Instructions to Vacate
 Income Tax Addition Made Towards Unsubstantiated Share Capital Is Eligible For Section 80-IC Deduction: Delhi High Court

Sunil Dutt C/o. O.P. Sapra & Associates, C-763, New Friends Colony New Delhi 110 025. Vs. DCIT, Panipat Circle Panipat
October, 31st 2014
                   IN THE INCOME TAX APPELLATE TRIBUNAL
                         DELHI BENCH: G: NEW DELHI


               BEFORE SHRI GEORGE GEORGE K, JUDICIAL MEMBER
                  AND SHRI B.C. MEENA, ACCOUNTANT MEMBER


                             ITA No. 4095/Del/2011
                            Assessment Year 2007-08


      Sunil Dutt                         vs.   DCIT,
      C/o. O.P. Sapra & Associates,            Panipat Circle
      C-763, New Friends Colony                 Panipat
      New Delhi 110 025.
      PAN ABJPD8568Q
       (Appellant)                        (Respondent)

                 Appellant by       :      None
                 Respondent by      :      Shri B.R. Kumar, Sr. DR


                                   ORDER

PER GEORGE GEORGE K, JUDICIAL MEMBER

      This appeal at the instance of the assessee is directed against CIT(A)

order dated 29.6.2011. The relevant assessment year is 2007-08.






2.    The solitary issue i.e. raised in this appeal is whether the CIT(A) is justified

in confirming the AO's action in disallowing interest expense amounting to Rs.

33,50,817/-?

3.    When the appeal was taken up for hearing assessee had requested for

withdrawing this appeal vide his letter dated 22.10.2014 which is placed on
                                                                                   2






                                                    ITA No. 4095/Del/11

record. The Ld. DR had no objection in assessee's withdrawing this case.

4.    In the result the appeal filed by the assessee is dismissed as withdrawal.

      The order is pronounced in the Open Court on 22nd October, 2014.



                sd/-                                          sd/-
            (B.C. MEENA)                               ( GEORGE GEORGE K)
         ACCOUNTANT MEMBER                                JUDICIAL MEMBER

Date     22nd October, 2014
*Veena
Copy of order forwarded to:
   1. Appellant
   2. Respondent
   3. CIT(A)
   4. CIT
   5. DR
                                                     By Order

                                                    Asstt. Registrar, ITAT

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