M/S NIMBLE INVESTMENTS,MUMBAI vs. ACIT -21(2), MUMBAI

The captioned appeal filed by the assessee is directed against the order passed by the CIT(A)-48, Mumbai, dated 31.05.2019, which in turn arises from the assessment order passed by the A.O under Sec. 143(3) of the Income Tax Act, 1961 (for short ‘Act’), dated nil for A.Y. 2012-13.

The assessee firm vide a letter dated 17th March, 2021 had stated that considering the low tax impact vis-a-vis cost of litigation involved in the present appeal and in order to buy peace of mind it seeks to withdraw the aforementioned appeal. It is further stated by the assessee that the withdrawal of the captioned appeal may not be considered as its acquiescence to any of the issues involved in the appeal. 3. The ld. Departmental Representative (for short ‘D.R’) did not object to the aforesaid request for withdrawal of the appeal so raised by the assessee.

In the backdrop of the aforesaid facts, we herein allow the assessee appellant to withdraw the captioned appeal.

Resultantly, the aforesaid appeal is dismissed as withdrawn.