Loading judgment…
Facts
The assessee preferred an appeal challenging an order passed by the Principal Commissioner of Income Tax under section 263 of the Income Tax Act, 1961. The assessee's counsel submitted that the assessee did not wish to press the appeal.
Held
The learned Departmental Representative did not object to the assessee's submission. Therefore, the appeal was treated as withdrawn by the Tribunal.
Key Issues
Whether the appeal should be dismissed as withdrawn when the assessee does not wish to press it.
Sections Cited
263
AI-generated summary — verify with the full judgment below
Income Tax Appellate Tribunal, RAJKOT BENCH, RAJKOT
Before: DR. ARJUN LALSAINI, AM. &
आदेश / O R D E R PER Dr. A. L. SAINI, AM:
The present appeal is preferred by the assessee challenging the impugned order dated 14.03.2024, passed by the learned Principal Commissioner of Income Tax, Valsad [in short “the PCIT”] under section 263 of the Income Tax Act, 1961 [hereinafter referred to as “the Act”].
Before us, the Learned Counsel, Shri Chetan Agarwal, on behalf of the assessee, submitted that assessee did not wish to press this appeal, to which, the learned Departmental Representative (in short the “the ld. DR”) did not raise any objection. Consequently, we treat this appeal as withdrawn.
Order is pronounced in the open court on 25/04/2025.