M/S. BHAGWANDAS SHOBHALAL JAIN TOBACCO PRODUCTS PVT. LTD.,JABALPUR vs. ADDITONAL COMMISSIONER OF INCOME TAX RANGE-1, JABALPUR

This is an Appeal by the Assessee directed against the Order by the Commissioner of Income Tax (Appeals)-1, Jabalpur (‘CIT(A)’ for short) dated 04/8/2014, dismissing the assessee’s appeal contesting its’ assessment under section 143(3) of the Income Tax Act, 1961 (‘the Act’ hereinafter) for the Assessment Year (AY) 2006-07 vide Order dated 30/12/2008.

At the very outset, the ld. Counsel for the assesse, Sh. Singhal, would submit that the tax-effect of the assessee’s appeal being low, it is not interested to prosecute its’ instant appeal and, accordingly, seeks permission to withdraw the same. Ms. Agrawal, the ld. Sr. DR, on being asked, would state that the Revenue has no objection to the said withdrawal.