MAYRA MALL MANAGEMENT P.LTD,MUMBAI vs. DCIT 8(2), MUMBAI
Income Tax Appellate Tribunal, MUMBAI BENCHES “B”, MUMBAI
Before: Justice (Retd.) C V Bhadang, Hon’ble & Shri B R Baskaran, Hon’ble
Per Justice (Retd.) C V Bhadang, President :
This is an appeal by the assessee challenging the order dated 11.08.2014, passed by the CIT(A). The learned CIT(A) has confirmed the order passed by the Assessing Officer, disallowing an amount of ₹62,11,864/- out of interest expenses claimed u/s. 24 of the Income Tax Act, 1961 (‘Act’ for short). The appeal pertains to assessment year 2008-09. 2. The appellant-assessee has filed an application dated 20.01.2025, informing that the appellant has opted for resolution of the dispute under the Direct Tax
Vivad Se Vishwas Scheme, 2024 (VsV). The learned counsel for the appellant has therefore sought for withdrawal of appeal.
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Myra Mall Management P Ltd
We have heard parties. Under the circumstances, the appeal is dismissed as withdrawn with liberty to the appellant-assessee to seek restoration of its appeal, if necessary and if so advised, subject to the final outcome of the application under the VsV Scheme.
Order pronounced in the open court on 23rd January, 2025. [B R Baskaran]
[Justice (Retd.) C V Bhadang]
ACCOUNTANT MEMBER
PRESIDENT
Mumbai, Dated : 23rd January, 2025
SA
Copy of the Order forwarded to :
The Appellant. 2. The Respondent. 3. The PCIT, Mumbai. 4. The CIT 5. The DR, ‘B’ Bench, ITAT, Mumbai BY ORDER
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