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Facts
The appeal was filed by the assessee against an order passed by the PCIT under section 263 of the Income Tax Act, 1961, for the assessment year 2018-19. The assessee's counsel sought to withdraw the appeal.
Held
The assessee's counsel requested to withdraw the appeal as a consequential order had been passed by the AO, and the matter was being pursued before the CIT(A). The Revenue did not object to this request.
Key Issues
Whether the appeal should be dismissed as withdrawn by the assessee.
Sections Cited
263
AI-generated summary — verify with the full judgment below
Income Tax Appellate Tribunal, “A’’ BENCH: BANGALORE
Before: SHRI PRASHANT MAHARISHI & SHRI PRAKASH CHAND YADAV
PER PRAKASH CHAND YADAV, JUDICIAL MEMBER:
Present appeal of the assessee is arising from the order of ld. PCIT dated 28.3.2024 having DIN & Order No.ITBA/REV/F/REV5/2023-24/1063566538(1) and relates to assessment year 2018-19, passed u/s 263of the Income Tax Act, 1961 (in short “The Act”).
At the outset, ld. Counsel for the assessee wish to withdraw this appeal and contended that the AO has passed consequential order and the assessee is pursuing that matter before the ld. CIT(A). Therefore, the assessee do not want to pursue this appeal.
Ld. D.R. could not object to the prayer of the assessee.
Page 2 of 2 4. In view of the above, we dismiss this appeal as withdrawn.
In the result, appeal of the assessee stands dismissed.
Order pronounced in the open court on 19th June, 2025