Bombay Dyeing Real Co. Ltd… vs ITO | ITAT Mumbai 2022

Income Tax Appellate Tribunal, “SMC” BENCH, MUMBAI

Before: SHRI OM PRAKASH KANT & SHRI SANDEEP SINGH KARHAIL

For Appellant: Ms. Sakshi Dande

For Respondent: Smt. Smita Nair, Sr. AR

The present appeal has been filed by the assessee challenging the impugned order dated 15/01/2020, passed under section 250 of the Income Tax Act, 1961 (“the Act”) by the learned Commissioner of Income Tax (Appeals)–2, Mumbai, [“learned CIT(A)”], for the assessment year 2015–16.

At the outset, the learned A.R. appearing for the assessee submitted that the assessee, vide letter dated 21/06/2022, filed before

Bombay Dyeing Real Estate Co. Ltd. ITA No. 1572/Mum./2020 the Tribunal has prayed for withdrawal of the present appeal for the assessment year 2015–16. The letter dated 21/06/2022, is placed on record and the same reads as under:–

“The hearing of the captioned appeal preferred by the Assessee is fixed before Your Honours tomorrow. In this connection, we wish to state as under: Considering the cost–benefit aspects of pursuing the captioned appeal and in order to avoid protracted litigation, the Appellant is desirous of withdrawing the captioned appeal. In view of the foregoing, may we request Your Honours to kindly permit the Appellant to withdraw its appeal and the appeal be dismissed being withdrawn.”

In view of the above, we accept the request of the assessee for withdrawal of its appeal for the assessment year 2015–16.

BOMBAY DYEING REAL CO. LTD. ,MUMBAI vs. ITO-1(1)(3), MUMBAI