SHRI DESHPAL SINGH KOHLI,DEHRADUN vs. DCIT, DEHRADUN

This appeal filed by the assessee is directed against the order dated 20th February, 2017 of the CIT(A)-IV, Kanpur, relating to the assessment year 2010-11.

The assessee, through various grounds of appeal, has challenged the order of the CIT(A) in confirming the penalty of Rs.5,87,100/- levied by the AO u/s 271(1)(c) of the IT Act, 1961.

The ld. Counsel for the assessee filed an application seeking withdrawal of the appeal on the ground that subsequent to the order of the Tribunal the quantum has been deleted and, accordingly, the penalty does not survive. In absence of any objection from the ld. DR, the request of the assessee for withdrawal of the appeal is allowed.

In the result, the appeal filed by the assessee is accordingly dismissed as ‘withdrawn.’