THE AHMEDABAD MERCANTILE CO. OP. BNAK LTD.,AHMEDABAD vs. ACIT, CIRCLE-5(2),, AHMEDABAD

By way of this appeal, the assessee-appellant has challenged correctness of the order dated 18th January 2018 passed by the learned CIT(A)-5, Ahmedabad, in the matter of assessment under section 143(3) of the Income-tax Act, 1961, for the assessment year 2014-15.

At the time of hearing, it is noticed that the assessee has filed a letter dated 28.01.2020 seeking permission for withdrawal of appeal on the ground that learned PCIT-5, vide his order dated 28.03.2019 passed under Section 263 of the Act, has set aside the original assessment directing the Assessing Officer to pass a fresh assessment order. The learned Departmental Representative has no objection to the withdrawal of the appeal filed by the The Ahmedabad Mercantile Coop Bank Ltd Vs. ACIT AY : 2014-15 Page 2 of 2 assessee. In view of these facts, we allow the withdrawal of the appeal filed by the assessee and, accordingly, appeal of the assessee is dismissed as withdrawn.

In the result, the appeal is dismissed as indicated above. Pronounced in the open court today on the 30th January, 2020.