PRESIDENCY HOSPITALITY LTD.,VADODARA vs. THE ACIT, CIRCLE-2(1)(2), VADODARA
Income Tax Appellate Tribunal, AHMEDABAD “SMC” BENCH, AHMEDABAD
Before: MS. SUCHITRA R. KAMBLEAssessment Year: 2016-17
This appeal filed by the assessee is directed against the order of the Commissioner of Income-tax (Appeals), National Faceless Appeal Centre
(NFAC), Delhi [hereinafter referred to as "CIT(A)" for short] dated
18.10.2024 passed under Section 250 of the Income Tax Act, 1961
[hereinafter referred to as "the Act" for short] for the Assessment Year
(AY) 2016-17. 2. The assessee-company is engaged in the business of running hotel known as ‘Hotel Presidency Towers’. The assessee-company filed its return of income declaring income at loss of Rs.16,83,576/- and book profit u/s 115JB at Rs.1,53,776/-. The assessee’s case was reopened u/s 148 of the Act. The assessment was completed u/s 143(3) r.w.s. 147 of the Act on 31.12.2019 by making disallowance of depreciation at Rs.22,40,170/-, addition on account of undisclosed income Rs.13,03,194/-, disallowance u/s 40A(3) of Rs.7,35,200/- and disallowance of PF at Rs.364/-.
Assessment Year: 2016-17
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Being aggrieved by the assessment order, the assessee filed appeal before the CIT(A). The CIT(A) dismissed the appeal of the assessee. Aggrieved by the order of the CIT(A), the assessee is now in appeal before the Tribunal.
At the time of hearing, none appeared on behalf of the assessee, but vide application dated ‘Nil”, which was received by the Registry on 11.02.2025, the assessee-company has requested withdrawal of the appeal, as it had filed the form under the Direct Tax Vivad-se-Vishwas Scheme 2024 (DTVSV 2024). It appears that the assessee-company has filed Form under DTVSV 2024 and acknowledgment of Form-1 of DTVSV 2024 was also enclosed therewith and the assessee-company requested for withdrawal of the appeal. The said application is signed by the Managing Director of the assessee-company.
The application filed by the assessee-company, which was received by the Registry on 11.02.2025, is taken on record and the assessee- company is allowed to withdraw the appeal.
In the result, the appeal of the assessee is dismissed as withdrawn. Order pronounced in the open Court on 25th March, 2025 (SUCHITRA KAMBLE) Judicial Member
Ahmedabad, the 25th day of March, 2025
Btk*
Assessment Year: 2016-17
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Copies to:
(1)
The appellant
(2)
The respondent
(3)
CIT
(4)
CIT(A)
(5)
Departmental Representative
(6)
Guard File
By order