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Income Tax Appellate Tribunal, SURAT BENCH : SURAT
Before: SHRI BHAVNESH SAINI & SHRI O.P. MEENA
PER BHAVNESH SAINI, J.M.
This appeal by assessee has been directed against
the Order of the Ld. CIT(A), Valsad, Dated 05.02.2016, for the
A.Y. 2012-2013, challenging the addition of Rs.14,80,000/-
under section 68 of the I.T. Act, 1961. Earlier the appeal of
2 ITA.No.488/Ahd/2016 Amitkumar Shah, Vapi.
assessee was dismissed for non-prosecution which were
restored while allowing the M.A. of the assessee.
In this case, the A.O. made the addition of
Rs.14,80,000/- under section 68 of the I.T. Act in respect of
the unexplained loans. The assessee later on submitted
before Ld. CIT(A) that it is a case of gift which was not
accepted by the Ld. CIT(A) and appeal of assessee has been
dismissed.
Learned Counsel for the Assessee seeks
permission to withdraw the appeal and an endorsement to
that effect have been made in the grounds of appeal. The
appeal of assessee is, therefore, dismissed as withdrawn.
In the result, appeal of assessee dismissed.
Order pronounced in the open Court.
Sd/- Sd/- (O.P.MEENA) (BHAVNESH SAINI) ACCOUNTANT MEMBER JUDICIAL MEMBER
Surat, Dated 22nd July, 2019
VBP/-
3 ITA.No.488/Ahd/2016 Amitkumar Shah, Vapi.
Copy to
The appellant 2. The respondent 3. CIT(A) concerned 4. CIT concerned 5. D.R. ITAT, Surat Bench, Surat 6. Guard File.
//By Order//
Asst. Registrar, ITAT, Surat Bench Bench.