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Facts
Amalgam Investments Pvt. Ltd. (appellant) filed an appeal against an order of the CIT(A) for the assessment year 2014-15. During the hearing, the appellant's representative expressed the wish to withdraw the appeal, and the respondent's representative had no objection.
Held
The Income Tax Appellate Tribunal (ITAT) dismissed the appeal as withdrawn, acknowledging the appellant's request and the respondent's concurrence.
Key Issues
The primary issue before the tribunal was whether to allow the appellant to withdraw its appeal and consequently dismiss it.
Sections Cited
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Income Tax Appellate Tribunal, COCHIN BENCH, COCHIN
Before: Shri Inturi Rama Rao & Shri Sonjoy Sarma
Assessment Years: 2014-15 Amalgam Investments Pvt. Ltd. DCIT, Corporate Circle-1(1), v. Kochi Amalgam House, Bristow Road, Willingdon Island, Cochin 682003. PAN : AABCA9679B. (Appellant) (Respondent) Appellant by : Shri R. Krishnan, CA Respondent by : Smt. Leena Lal, Snr AR Date of Hearing : 03.06.2025 Date of Pronouncement : 10.06.2025 O R D E R Per Sonjoy Sarma: The present appeal has been preferred by the assessee against an order dated 19.11.2024 of the CIT(Appeal), Addl/JCIT(A)-1, Chandigarh [hereinafter referred to as ‘CIT(A)’] for the assessment year 2014-15.
At the time of hearing, the ld. AR fairly submitted that the assessee does not wish to pursue this appeal and seeks withdrawal of the appeal. On making such submissions, the ld. DR has no objection to the prayer of the ld. AR.
We, after considering the submissions of both the parties, feel it necessary to dismiss the present appeal as withdrawn.
Order pronounced on 10.06.2025.