M/S. PHENIX SPINNING PVT. LTD.,,AMRELI vs THE PRINCIPAL COMMISSIONER OF INCOME TAX-3,, RAJKOT

PER BENCH: The instant appeal filed by the assessee is directed against the order dated 11.09.2018 under section 263 of the Income Tax Act, 1961 (hereinafter referred as to “the Act”) passed by the Pr. Commissioner of Income Tax (Appeals)-3, Rajkot arising out of the order dated 20.12.2017 passed by JCIT, Range-3(1), Rajkot under section 143(3) of the Act for the Assessment Year (A.Y.) 2015-16.

At the time of hearing of the instant appeal the Ld. Counsel appearing for the assessee submitted before us that the consequential order has been passed under section 143(3) r.w.s. 263 accepting the returned income. Hence, the present appeal becomes infructuous and 2 - withdrawn. Thus, in view of the above fact the appeal is dismissed as withdrawn.

In the result, appeal is dismissed as withdrawn. Order pronounced in the Court on 28th February, 2020 at Rajkot.

M/S. PHENIX SPINNING PVT. LTD.,,AMRELI vs. THE PRINCIPAL COMMISSIONER OF INCOME TAX-3,, RAJKOT