M/S MALIKS COMPANY,FEROZPUR CANTT vs. PR. COMM. OF INCOME TAX, BATINDA
What did the Tribunal hold?
The Tribunal acceded to the assessee's request to withdraw the appeal. The appeal was dismissed in limine.
What were the facts?
The assessee filed an appeal against an order passed by the Principal Commissioner of Income Tax under section 263. The assessee later requested to withdraw the appeal as the Assessing Officer had passed a fresh order which was accepted.
What were the issues?
The primary issue was whether the assessee's appeal against the Pr. CIT's order should be dismissed as withdrawn due to subsequent acceptance of a revised order.
Which sections of the Income-tax Act were involved?
AI-generated summary — verify with the full judgment below
Income Tax Appellate Tribunal, AMRITSAR BENCH, AMRITSAR.
Before: SH. SANJAY ARORA & SH. N. K. CHOUDHRY
Per Sanjay Arora, AM: This is an Appeal by the Assessee agitating the Order by the Principal Commissioner of Income Tax, Bathinda (‘Pr. CIT' for short) dated 29.03.2017, passed under section 263 of the Income Tax Act, 1961 ('the Act' hereinafter) in the assessee’s case for Assessment Year (AY) 2012-13. 2. None appeared for and behalf of the assessee when the appeal was called out for hearing. The ld. counsel for the assessee, Shri Y. K. Sud, however, has made a written request dated 23.03.2018 for the withdrawal of the instant appeal. It is explained that the impugned order has since been acted upon by the Assessing Officer, passing a fresh order u/s. 143(3) read with section 263 of the Act by 2 ITA No. 221 (Asr)/2017(AY 2012-13) Maliks Co. v. Pr. CIT making a small addition, and which has been accepted by the assessee. Under the circumstances, therefore the assessee is not interested in prosecuting its appeal and, accordingly, wishes to withdrawn the same. The ld. CIT-DR was, on being conveyed about the subject matter of the assessee’s request, conveyed his no objection to the assessee withdrawing its’ appeal. We, therefore, acceding to the assessee’s request, permit it to withdraw its appeal. The assessee’s appeal is dismissed in limine.
In the result, the assessee’s appeal is dismissed as withdrawn. Order pronounced in the open court on April 3, 2018 (N. K. Choudhry) (Sanjay Arora) Judicial Member Accountant Member Date: 03.04.2018 /GP/Sr. Ps. Copy of the order forwarded to: (1)The Appellant: Maliks Company, 73, Jhoke Road, Ferozepur Cantt. (2) The Respondent: Pr. Commissioner of Income Tax, Civil Station, Bathinda. (3) The CIT-DR, I.T.A.T.By Order
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