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Income Tax Appellate Tribunal, “G” BENCH, MUMBAI
Before: SHRI SHAMIM YAHYA, AM & SHRI SANDEEP GOSAIN, JM
O R D E R Per Shamim Yahya, A. M.: This appeal by the assessee is directed against the order of the ld. Commissioner of Income Tax (Appeals) dated 16.08.2016, pertaining to the assessment year 2007-08.
The grounds of appeal
read as under:
1. On the facts and circumstances of the case and law, the Ld. CIT(A) erred in not granting the stay of disputed demand of Rs.29,97,91,880/-.
2. On the facts and circumstances of the case and law, the Ld. CIT(A)failed to appreciate that the Ld. CIT(A) have inherited power to grant the stay.
3. On the facts and circumstances of the case and law, the Ld. CIT(A) erred in directing to approach the Assessing Officer for stay of demand when he himself have power to grant the stay of demand.
M/s. Astra Exim Pvt. Ltd. 4. The assessee craves leave to add further grounds or to amend or alter the existing grounds of appeal on or before the date of hearing.
3. At the outset in this case the learned counsel of the assessee submitted that he shall be withdrawing the appeal.
The ld. Departmental Representative did not have any objection to this proposition.
Upon careful consideration, we have granted permission to withdraw the appeal. Accordingly this appeal is dismissed as withdrawn.
In the result, this appeal filed by the assessee stands dismissed as withdrawn. Order pronounced in the open court on 02.07.2018 Sd/- Sd/- (Sandeep Gosain) (Shamim Yahya) �या�यक सद�य / Judicial Member लेखा सद�य / Accountant Member मुंबई Mumbai; �दनांक Dated : 02.07.2018 व.�न.स./Roshani, Sr. PS आदेश क� ��त�ल�प अ�े�षत/Copy of the Order forwarded to : अपीलाथ� / The Appellant 1. ��यथ� / The Respondent 2. आयकर आयु�त(अपील) / The CIT(A) 3. आयकर आयु�त / CIT - concerned 4. �वभागीय ��त�न�ध, आयकर अपील�य अ�धकरण, मुंबई / DR, ITAT, Mumbai 5. गाड� फाईल / Guard File 6. आदेशानुसार/ BY ORDER,