2014 (11) TMI 1283

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....the Respondent : Shri P. Daniel ORDER PER N.K. BILLAIYA, AM: These two appeals by the assessee are preferred against two separate orders of the Ld. CIT(A)-40, Mumbai dt.15.2.2011 pertaining to A.Yrs.2000-01 & 2001-02. Both these appeals have common issues therefore they were heard together and dispose of by this common order. 2. In both the appeals, the assessee has raised additional g....

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....ied the quantum vide letter dt. 25.11.2014. The impugned disallowance of interest is now Rs. 91,73,162/- in A.Y. 2000-01 and the disallowance of interest of Rs. 1,71,48,020/- in A.Y. 2001-02 stands modified at Rs. 97,85,784/-. 4.1. In both the years, the appeal is late by 11 days. In the application for the condonation of delay, it is mentioned that the family members are notified persons and a....

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....objected to this and brought to our notice the decision of the Tribunal in the case of Divine Holding Pvt. Ltd. in ITA Nos. 8199 & 7346/M/2010. It is the say of the Ld. DR that on identical set of facts, the Tribunal has dismissed the claim of interest by the assessee. 7. A careful perusal of the order of the Ld. CIT(A) shows that at para 5.4 of his order, he has followed the decision in the ca....