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Income Tax Appellate Tribunal, “B” BENCH: KOLKATA
Before: Shri A. T. Varkey, JM & Dr. Arjun Lal Saini, AM]
ORDER Shri A. T. Varkey, JM This is an appeal preferred by the assessee against the order of Ld. Pr. CIT-4, Kolkata dated 18-02-2019 for the assessment year 2014-15 passed u/s. 263 of the Income-tax Act, 1961 (hereinafter referred to as the “Act”).
At the outset, it has been brought to our notice by the Ld. AR Mrs. Sanve Sanwalka vide letter dated 21.08.2020 that the assessee wishes to withdraw the appeal since the issue on which appeal was filed by the assessee was decided in its favour by the AO while giving effect to the impugned order of the Ld. Pr. CIT passed u/s. 263 of the Act. Per contra, the Ld. CIT, DR does not object for the assessee to withdraw the appeal. In the light of the above, the appeal of the assessee is treated to be dismissed as withdrawn.