VNC PROPERTY DEVELOPERS,CHENNAI vs. ITO, NCW-8(2), CHENNAI

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ITA 2695/CHNY/2026Status: DisposedITAT Chennai13 August 2026AY 2015-162 pages
AI SummaryDismissed

What did the Tribunal hold?

The assessee requested to withdraw the appeal. The Tribunal considered the withdrawal request and decided to dismiss the appeal as withdrawn.

What were the facts?

The assessee, M/s. VNC Property Developers, filed an appeal against an order passed by the Principal Commissioner of Income Tax. The appeal was for the assessment year 2015-16.

What were the issues?

The primary issue was the assessee's request to withdraw their appeal before the tribunal.

Which sections of the Income-tax Act were involved?

Section 264

AI-generated summary — verify with the full judgment below

Income Tax Appellate Tribunal, ‘D’ BENCH, CHENNAI

Before: SHRI GEORGE GEORGE K & SHRI INTURI RAMA RAO

Hearing: 13.08.2026Pronounced: 13.08.2026

आदेश/ O R D E R PER GEORGE GEORGE K, VICE PRESIDENT: This appeal filed by the assessee is directed against the order of Principal Commissioner of Income Tax, Chennai-4 dated 12.03.2026, passed u/s.264 of the Income Tax Act, 1961 (hereinafter called ‘the Act’). The relevant Assessment Year is 2015-16.

- 2 - ITA No.2695/CHNY/2026 VNC Property Developers

2.

At the time of hearing, the Ld.AR for the assessee submitted that the assessee wants to withdraw the appeal. In this regard, the assessee has also filed a letter dated 13.08.2026 seeking withdrawal of appeal. In light of the above, we dismiss the appeal of the assessee as withdrawn.

3.

In the result, the appeal filed by the assessee is dismissed as withdrawn.

Order pronounced in the open court on 13th August, 2026 at Chennai.

Sd/- Sd/- (जॉज� जॉज� के) (इंटूर� रामा राव) (INTURI RAMA RAO) (GEORGE GEORGE K) लेखा सद�य/ACCOUNTANT MEMBER उपा�य� /VICE PRESIDENT चे�नई/Chennai, �दनांक/Dated, the 13th August, 2026 RSR, Sr.PS आदेश क� ��त�ल�प अ�े�षत/Copy to: 1. अपीलाथ�/Appellant 2. ��यथ�/Respondent 3. आयकर आयु�त /CIT, Chennai 4. �वभागीय ��त�न�ध/DR 5. गाड� फाईल/GF. By Order Digitally signed by REKHA REKHA SENTHIL RAJ SENTHIL RAJ Date: 2026.08.17 15:22:16 +05'30'

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