Loading judgment…
No AI summary yet for this case.
Income Tax Appellate Tribunal, “F” BENCH, MUMBAI
Before: SHRI AMARJIT SINGH & SHRI SANDEEP SINGH KARHAIL
The present appeal has been filed by the assessee challenging the impugned order dated 30th March 2021, passed under section 263 of the Income Tax Act, 1961 (for short "the Act") by the Learned Principal Commissioner of Income Tax, Mumbai, for the assessment year 2014–15.
UPS SCS (India) Pvt. Ltd. ITA No.864/Mum./2021
The only grievance of the assessee in the present appeal is against the order dated 30th March 2021, passed by the learned PCIT under section 263 of the Act.
During the course of hearing, at the outset, Shri Nitesh Joshi, learned counsel appearing for the assessee submitted that the Assessing Officer, pursuant to the directions issued by the learned PCIT vide impugned order passed under section 263 of the Act, accepted the contentions of the assessee and made no further disallowance on the issue on which proceedings under section 263 of the Act were initiated and accordingly passed the order dated 27th March 2022 under section 143 r/w section 263 r/w 144B of the Act. Copy of the said order was furnished by the learned counsel and same was taken on record.
In view of the above, we are of the considered opinion that the present appeal by assessee challenging the order passed by learned PCIT under section 263 of the Act is rendered academic in nature and, therefore, is dismissed as infructuous.
In the result, appeal by the assessee is dismissed. Order pronounced in the open court on 04/05/2022