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Facts
The assessee filed an appeal against the assessment order. During the proceedings, the assessee sought to withdraw the appeal.
Held
The Tribunal allowed the withdrawal of the appeal after the assessee submitted a rectification order from the Assessing Officer and the Department had no objection. Consequently, the appeal was dismissed as withdrawn.
Key Issues
Whether the assessee is allowed to withdraw the appeal filed before the Tribunal.
Sections Cited
143(3), 144C(13)
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Income Tax Appellate Tribunal, “A” BENCH : BANGALORE
Before: SHRI LAXMI PRASAD SAHU & SHRI KESHAV DUBEY
Per Laxmi Prasad Sahu, Accountant Member
This appeal of the assessee is arising out of the final assessment order passed by the Assessment Unit, Income Tax Department u/s. 143(3) r.w.s. 144C(13) of the Income-tax Act, 1961 [the Act] dated 18.07.2024 relating to assessment year 2020-21.
At the outset, the ld. counsel for the assessee submitted that the assessee seeks to withdrawal the appeal filed before the Tribunal in view of the rectification order passed by the jurisdictional Assessing Officer and in this regard drawn attention to the letter of the assessee dated 30.1.2025 (filed on record).
The ld. DR had no objection to the withdrawal of the appeal by the assessee.
Accordingly, the appeal of the assessee is dismissed as withdrawn.
Pronounced in the open court on this 19th day of March, 2025.