BIHAR RAJYA PUL NIRMAN NIGAM LTD,PATNA vs. PR. CIT-1, PATNA

IN THE INCOME TAX APPELLATE TRIBUNAL “PATNA BENCH, PATNA VIRTUAL HEARING AT KOLKATA

Before Shri Sanjay Garg, Judicial Member and Shri Rajesh Kumar, Accountant Member I.T.A. No.11/Pat/2021 Assessment Year: 2015-16 Bihar Rajya Pul Nirman Nigam Ltd....….....................…..........….…… Appellant 7, Sardar Patel Marg, Patna-800015. [PAN: AACCB0681R] vs. PCIT-1, Patna……………..............…………........….....…...…..…..... Respondent Appearances by: Shri Abhi Sarkar, Adv., appeared on behalf of the appellant. Smt. Rinku Singh, CIT-DR, appeared on behalf of the Respondent. Date of concluding the hearing : March 06, 2023 Date of pronouncing the order : May 15, 2023 आदेश / ORDER संजय गग�, �या�यक सद�य �वारा / Per Sanjay Garg, Judicial Member: The present appeal has been preferred by the assessee against the order dated 14.01.2021 of the Principal Commissioner of Income Tax-1, Patna [hereinafter referred to as ‘CIT(A)’]. 2. The assessee in this appeal has contested the exercise of revision jurisdiction of the ld. PCIT u/s 263 of the Income Tax Act (hereinafter referred to as the ‘Act’). 3. At the outset, the ld. Counsel for the assessee has submitted that in the set aside assessment proceedings, the assessee has admitted its liability, therefore, the assessee’s appeal against the revision order passed u/s 263 of the Act may be dismissed as withdrawn. In view of the above submissions of the ld. AR, the present appeal is dismissed as withdrawn.

I.T.A. No.11/Pat/2021 Assessment Year: 2015-16 Bihar Rajya Pul Nirman Nigam Ltd.

//True copy// By order Assistant Registrar, Kolkata Benches