DHARMAVARAM CO-OPERATIVE TOWN BANK LIMITED,ANANTHAPUR vs ASST. COMMISSIONER OF INCOME TAX, CIRCLE-1, ANANTHAPUR

Income Tax Appellate Tribunal, Hyderabad ‘ B ‘ Bench, Hyderabad

Before: Smt. P. Madhavi Devi & Shri A. Mohan Alankamony

Hearing: 03/02/2021Pronounced: 03/02/2021

This is assessee’s appeal for the A.Y 2013-14 against the order of the CIT (A)-Kurnool, dated 20.03.2018 u/s 263 of the I.T. Act.

When the matter came up for hearing, the learned Counsel for the assessee filed an application stating that in the appeal against the consequential order passed by the AO u/s 143(3) r.w.s. 263 of the I.T. Act, the first appellate authority allowed the assessee’s appeal and therefore, sought permission to withdraw this appeal before us.

Taking the above contentions of the assessee into consideration, the appeal of the assessee is dismissed as withdrawn as the assessee has got the relief in the order passed by the first appellate authority i.e. the CIT (A) in the appeal filed against the consequential order u/s 143(3) r.w.s. 263 of the I.T. Act and the assessee has no further grievance in the matter.

In the result, assessee’s appeal is dismissed.

Order pronounced in the Open Court on 3rd February, 2021.

DHARMAVARAM CO-OPERATIVE TOWN BANK LIMITED,ANANTHAPUR vs. ASST. COMMISSIONER OF INCOME TAX, CIRCLE-1, ANANTHAPUR