SHRI NEERAJ GUPTA,SHIMLA vs. PR.CIT-CENTRAL, GURGAON

This is an appeal filed by the assessee against the order of Learned Principal Commissioner of Income Tax (Central) [in short the ‘Ld. Pr.CIT)’], Gurgaon, passed u/s 263 of the Income Tax Act, 1961 (in short ‘the Act’) dated 23.03.2021 pertaining to assessment year 2015-16.

None has appeared on behalf of the assessee. However, an application has been filed with the Registry on 23.11.2021 wherein the assessee has submitted that pursuant to the order passed by the Ld. Pr.CIT (Central) u/s 263 of the Act, the AO has since passed the fresh order u/s 147 read with section 263 of the Act dated 18.08.2021 giving effect to the order of Ld. Pr.CIT wherein the income has been assessed at returned income and no addition has been made to the income in the hands of the assessee. It was accordingly submitted that the present appeal filed by the assessee has become infructuous and he may be allowed to withdraw the same.

The Ld. DR is heard, who has not raised any objection to the said prayer for withdrawal of the appeal.

After perusing the material on record and taking into consideration the prayer submitted by the assessee, the appeal is dismissed as withdrawn.

In the result, the appeal filed by the assessee is dismissed as withdrawn.