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Facts
The assessee filed an appeal against an order passed by the NFAC. Subsequently, the assessee filed an application requesting to withdraw the appeal.
Held
The Tribunal allowed the assessee's application to withdraw the appeal, and consequently, the appeal was dismissed as withdrawn.
Key Issues
Whether the assessee can withdraw the appeal.
Sections Cited
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Income Tax Appellate Tribunal, ‘B’ BENCH: BANGALORE
Before: SHRI WASEEM AHMED & SHRI PRAKASH CHAND YADAV
PER WASEEM AHMED, ACCOUNTANT MEMBER:
This is an appeal filed by the assessee against the order passed by the NFAC, Delhi dated 30/10/2024 vide DIN No. ITBA/NFAC/S/ 250/2024-25/1070050991(1) for the assessment year 2017-18.
The assessee in the present case has moved an application before the Bench requesting to allow withdrawal of the appeal filed by it. At the time of hearing, accordingly, the ld. AY made similar prayer. On the other hand, the ld. DR did not object to the prayer put forth by the assessee.
We have seen from the record that the assessee vide letter dated 18th February, 2025 has requested for the withdrawal of the appeal. Accordingly, we allow the assessee to withdrawn the appeal. Hence, the appeal filed by the assessee is dismissed as withdrawn.
In the result, the appeal of the assessee is dismissed as withdrawn.