Smt. Rupam J. Parekh Fortune Bldg., 3rd Floor 568, L.J. Road, Five Garden Matunga (E), Mumbai 400019 Vs. A C I T - 12(1) Aayakar Bhavan, M.K. Road Mumbai 400020
February, 26th 2015
IN THE INCOME TAX APPELLATE TRIBUNAL
"D" Bench, Mumbai
Before Shri D. Manmohan, Vice President
and Shri D. Karunakara Rao, Accountant Member
ITA No. 3226/Mum/2013
(Assessment Year: 2008-09)
Smt. Rupam J. Parekh A C I T - 12(1)
Fortune Bldg., 3rd Floor Aayakar Bhavan, M.K. Road
568, L.J. Road, Five Garden Mumbai 400020
Matunga (E), Mumbai 400019
PAN - AADPP5451H
Appellant by: Shri Nidhi Patel
Respondent by: Shri Love Kumar
Date of Hearing: 25.02.2015
Date of Pronouncement: 25.02.2015
Per D. Manmohan, V.P.
This appeal by the assessee is directed against the order dated
04.03.2013 passed by CIT(A)-23, Mumbai and it pertains to A.Y. 2008-09.
2. The following grounds were urged by the assessee: -
"1. The Commissioner of Income-tax (Appeals) 32, Mumbai
(hereinafter referred to as the CIT(A)) erred in upholding the action
of the Assistant Commissioner of Income-tax 12(1), Mumbai
(hereinafter referred to as the Assessing Officer) in disallowing a
sum of Rs.17,381 on account of expenses incurred for earning
dividend income by invoking the provisions of section 14A of the
2. The CIT(A) erred in upholding the action of the Assessing Officer
in considering loss (short-term) under the head "capital gains" Rs
28,56,593 as business loss"
3. During the course of hearing the learned counsel for the assessee
moved an application for withdrawal of the appeal to which Revenue has no
2 ITA No. 3226/Mum/2013
Smt. Rupam J. Parekh
objection. We, therefore, allow the assessee to withdraw her appeal.
Accordingly this appeal is dismissed as withdrawn.
Order pronounced in the open court on 25th February, 2015.
(D. Karunakara Rao) (D. Manmohan)
Accountant Member Vice President
Mumbai, Dated: 25th February, 2015
1. The Appellant
2. The Respondent
3. The CIT(A) 23, Mumbai
4. The CIT 12, Mumbai City
5. The DR, "D" Bench, ITAT, Mumbai
ITAT, Mumbai Benches, Mumbai