ZEN MATRIX PVT. LTD,AHMEDABAB vs. THE PR. CIT-3, AHMEDABAD

This appeal filed by the assessee is directed against the order of Principal Commissioner of Income-tax, Ahmedabad-3 (“PCIT” in short) dated 31.03.2021 passed under Section 263 of the Income Tax Act, 1961 (“the Act” in short).

At the time of hearing fixed in this case today, it is noticed that the assessee has filed a letter dated 3rd May, 2022 seeking permission for withdrawal of appeal on the ground that the Assessing Officer initiated proceedings under Section 143(3) r.w.s. 263 of the Act and granted relief on the issue taken by the PCIT under the revisional proceedings. The assessee, vide aforesaid letter, pleaded that the appeal filed by the assessee may be dismissed as withdrawn. The learned Departmental Representative has no objection to the withdrawal of the appeal filed by the assessee.

Therefore, in view of these facts, we allow the withdrawal of the appeal filed by the assessee; and, accordingly appeal of the assessee is dismissed as withdrawn.