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Income Tax Appellate Tribunal, PUNE BENCH “B”, PUNE
Before: SHRI R.S. SYAL & SHRI S.S. VISWANETHRA RAVI
आदेश / ORDER PER R.S. SYAL, VP : This appeal by the assessee arises out of the order dated 17-03-2021 passed by the Principal Commissioner of Income- tax, Nashik-1 u/s.263 of the Income-tax Act, 1961 in relation to the assessment year 2016-17. 2. Before us, the ld. counsel for the assessee has filed a letter dated 23-05-2022 seeking withdrawal of the appeal. The relevant contents of such letter read as under :
“The above appeal is fixed for hearing on 24.5.2022 before B Bench. The appeal is against order u/s.263. The consequential order giving effect to order u/s.263 has been passed and the ld.
AO has accepted the returned income. I therefore request that the appeal may kindly be allowed to be withdrawn. The Assessment Order is attached.”
The ld. DR did not raise any objection to the withdrawal of the appeal filed by the assessee. As such, the assessee is permitted to withdraw the appeal.
In the result, the appeal is dismissed as ‘withdrawn’. Order pronounced in the Open Court on 24th May, 2022.