EPLANET VENTURES MAURITIUS LIMITED,BANGALORE vs. COMMISSIONER OF INCOME TAX (INTERNATIONAL TAXATION), BANGALORE

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ITA 1232/BANG/2017Status: DisposedITAT Bangalore08 March 2018AY 2012-132 pages

In favour of the Revenue: the assessee's appeal was dismissed. From the AI summary of this appeal.

AI SummaryDismissed

What did the Tribunal hold?

The Tribunal considered the assessee's application and allowed the withdrawal of the appeal. Consequently, the appeal was dismissed as withdrawn.

What were the facts?

The assessee filed an appeal before the ITAT. During the hearing, the assessee's counsel requested to withdraw the appeal. The revenue had no objection to this request.

What were the issues?

The primary issue was the assessee's request to withdraw the appeal, which was granted by the Tribunal.

Which sections of the Income-tax Act were involved?

Section 263

AI-generated summary — verify with the full judgment below

Income Tax Appellate Tribunal, “C” BENCH : BANGALORE

Before: SHRI SUNIL KUMAR YADAV & SHRI INTURI RAMA RAO

For Appellant: Ms. Tanmayee Rajkumar, Advocate
For Respondent: Shri Muzaffar Hussain, CIT
Hearing: 05.03.2018Pronounced: 08.03.2018

Per Sunil Kumar Yadav, Judicial Member

1.

This appeal is preferred by the assessee. During the course of hearing, the ld. Counsel for the assessee has moved an application with a request to withdraw the appeal, as no addition was made by the AO in the assessment order framed consequent to the order of CIT(Appeals) passed u/s. 263 of the Income-tax Act, 1961. The revenue has no objection with regard to the request of the ld. Counsel for the assessee.

IT(IT)A No.1232/Bang/2017 Page 2 of 2

2.

Having given a thoughtful consideration to the rival submissions in the light of the application filed by the assessee, we allow the withdrawal of the appeal of the assessee and dismiss the same as withdrawn.

3.

In the result, the appeal of the assessee stands dismissed.

Pronounced in the open court on this 8th day of March, 2018.

Sd/- Sd/-

( INTURI RAMA RAO ) ( SUNIL KUMAR YADAV) Accountant Member Judicial Member Bangalore, Dated, the 8th March, 2018.

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