ACIT 8(3)(1), MUMBAI, MUMBAI vs. PRANAV NATVERLAL PARIKH, MUMBAI
Income Tax Appellate Tribunal, “C” BENCH, MUMBAI
Before: SMT. BEENA PILLAI () & SHRI GIRISH AGRAWAL ()
Per: Smt. Beena Pillai, J.M.:
The present appeal filed by the Revenue arises out of order dated 22/11/2024 passed by NFAC Delhi.
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ITA No.336/Mum/2025; A.Y. 2013-14
Pranav Natverlal Parikh
At the outset, the ld.AR submitted that, assessee has filed letter dated 27/02/2025 submitting that the tax effect in the present appeal is below 60 Lakhs. Scanned and reproduced herewith is the withdrawal letter filed by the assessee:
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ITA No.336/Mum/2025; A.Y. 2013-14
Pranav Natverlal Parikh
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ITA No.336/Mum/2025; A.Y. 2013-14
Pranav Natverlal Parikh
Revenue was provided opportunity to verify the above submission by the Ld.AR. Before this Tribunal, the Ld.DR admitted that the tax effect is below 60,00,000/-.
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ITA No.336/Mum/2025; A.Y. 2013-14
Pranav Natverlal Parikh
Considering these facts, the appeal is allowed to be withdrawn, with liberty to review the order if circumstance so warrant. Accordingly the grounds raised by the Revenue stands dismissed as infructuous. In the result, appeal filed by the Revenue is dismissed as infructuous. Order pronounced in the open court on 18/03/2025 (GIRISH AGRAWAL) Judicial Member Mumbai: Dated: 18/03/2025 Poonam Mirashi, Stenographer Copy of the order forwarded to: (1)The Appellant (2) The Respondent (3) The CIT (4) The CIT (Appeals) (5) The DR, I.T.A.T.By order
(Asstt.