MICHELLE Y. POONAWALLA,PUNE vs. DCIT, CIRCLE 7, PUNE, PUNE
Income Tax Appellate Tribunal, PUNE BENCH “A”, PUNE
Before: SHRI R. K. PANDA & SHRI VINAY BHAMORE
PER R.K. PANDA, V.P:
ITA No.538/PUN/2025 filed by the assessee is directed against the order dated 10.01.2025 of the Ld. Addl / JCIT(A)-5, Kolkata relating to assessment year
2015-16. ITA No.539/PUN/2025 filed by the assessee is directed against the order dated 23.01.2025 of the Ld. CIT(A) / NFAC, Delhi relating to assessment year
2016-17. ITA No.787/PUN/2025 filed by the assessee is directed against the order dated 25.02.2025 of the Ld. CIT(A) / NFAC, Delhi relating to assessment year
2018-19. Since common issues are involved in all these appeals, therefore, these wesre heard together and are being disposed of by this common order for the sake of convenience.
2. The only issue raised by the assessee in the above 3 appeals is regarding the allowability of interest u/s 24(b) of the Income Tax Act, 1961 paid on borrowed capital utilized for payment to the tenants for relinquishment of tenancy rights.
The Ld. Counsel for the assessee at the outset fairly conceded that the issue stands decided against the assessee by the decision of the Coordinate Bench of the Tribunal in assessee’s own case for assessment years 2013-14 and 2017-18 vide ITA Nos.664 & 665/PUN/2024 order dated 18.09.2024. 4. In view of the above submission of the Ld. Counsel for the assessee and in absence of any objection from the side of the Ld. DR, the above 3 appeals filed by the assessee are dismissed.
In the result, all the three appeals filed by the assessee are dismissed.
Order pronounced in the open Court at the conclusion of hearing itself i.e. on 28th August, 2025. (VINAY BHAMORE)
VICE PRESIDENT
पुणे Pune; दिन ांक Dated : 28th August, 2025
GCVSR
आदेश की प्रतितिति अग्रेतिि/Copy of the Order is forwarded to:
अपीलार्थी / The Appellant; 2. प्रत्यर्थी / The Respondent
4. The concerned Pr.CIT, Pune DR, ITAT, ‘A’ Bench, Pune 5. गार्ड फाईल / Guard file.
आदेशानुसार/ BY ORDER,
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Senior Private Secretary
आयकर अपीलीय अधिकरण ,पुणे
/ ITAT, Pune
S.No.
Details
Date
Initials
Designation
1
Draft dictated on 28.08.2025
Sr. PS/PS
2
Draft placed before author
28.08.2025
Sr. PS/PS
3
Draft proposed & placed before the Second Member
JM/AM
4
Draft discussed/approved by Second
Member
AM/AM
5
Approved Draft comes to the Sr. PS/PS
Sr. PS/PS
6
Kept for pronouncement on Sr. PS/PS
7
Date of uploading of Order
Sr. PS/PS
8
File sent to Bench Clerk
Sr. PS/PS
9
Date on which the file goes to the Head
Clerk
10
Date on which file goes to the A.R.
11
Date of Dispatch of order