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Income Tax Appellate Tribunal, DELHI BENCH: ‘C’: NEW DELHI
Before: SHRI CHALLA NAGENDRA PRASAD & SHRI PRADIP KUMAR KEDIA
The captioned appeal has been filed by the Assessee against the revisional order passed by the Principal Commissioner of Income Tax, Delhi-5 under Section 263 of the Income Tax Act, 1961, dated 13.11.2017 seeking to revise the Assessment Order passed by the Assessing Order under Section 143(3) of the Income Tax Act, 1961, dated 20/01/2016 concerning to Assessment Year 2013-14.
ITA No.- 26/Del/2018 KIC Food Products Pvt. Ltd.
When the matter was called for hearing, the Ld. Counsel for the Assessee submitted at the outset that the assessee is no longer aggrieved by the impugned revisional order for the reason that the order passed u/s 143(3) of the Income Tax Act pursuant to revisional direction passed by the PCIT does not eventually cause any prejudice to the interest of the assessee. The Ld. Counsel, thus, submitted that he does not seek to press the captioned appeal anymore.
In the light of the submissions made on behalf of the assessee, the appeal of the Assessee is dismissed as withdrawn.
In the result, the appeal filed by the assessee is dismissed.
Order pronounced in the open court on _ 20 /12/2021.