CHHABRA ISPAT (P) LTD,KOLKATA vs. DCIT, CIR. 3(1), KOLKATA

This is an appeal preferred by the assessee against the order of Ld. CIT(A), National Faceless Appeal Centre (NFAC) dated 16.08.2021 for AY 2014-15.

At the outset, the Ld. Counsel for the assessee Shri Siddarth Agarwal, Advocate submitted that he would like to withdraw the appeal since the grounds regarding set off of loss claimed by the assessee for this relevant assessment year has got effected due to subsequent event happening for earlier year (AY 2013-14) after filing of Return of Income for this relevant assessment year (2014-15). And the assessee is agitating the validity of the action of AO for earlier year (AY 2013-14). So the ground which is raised before us is premature. We allow the assessee to withdraw the appeal with the liberty to file later and agitate the same if permitted by law. And the issue which is raised before us is left open. 3. In the result, the appeal of the assessee is dismissed as withdrawn. Order is pronounced in the open court on 02nd March, 2022.