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Income Tax Appellate Tribunal, “B” BENCH, MUMBAI
Before: SHRI SANJAY ARORA & SHRI VIKAS AWASTHY
26.02.2020 सुनवाई क" तार"ख / Date of Hearing घोषणा क" तार"ख /Date of Pronouncement 26.02.2020 आदेश / O R D E R Per Sanjay Arora, AM:
This is an Appeal by the Assessee agitating the Order by the Commissioner of Income Tax (Appeals)–2, Mumbai ( ‘CIT(A)’) dated 21.9.2018, partly allowing the assessee’s appeal contesting its’ assessment u/s. 147 r/w s. 143(3) of the Income Tax Act, 1961 (in short ‘the Act’) dated 29.9.2016 for Assessment Year (AY) 2010-11. M/s. Balance Equity Broking (Ind) Pvt Ltd, Mumbai.
At the very outset, it was submitted by the ld. counsel for the assessee, Sh. Phadke, that the assessee having been allowed the desired relief by virtue of the appeal-effect giving order dated 17.12.2018 by the Assessing Officer (AO), i.e., pursuant to the direction by the ld. CIT(A), the grounds of the instant appeal survive no longer. The same may therefore be permitted to be withdrawn, also placing his request dated 25.02.2020 toward the same on record. The ld. Sr. DR, Ms. Koushik conveys no objection to the same. Under the circumstances, we have no hesitation in permitting the assessee to withdraw its’ appeal. We decide accordingly.