M/S LAXMI JEWELS,MARGAO vs. PR. CIT, PANAJI
Facts
M/s Laxmi Jewels filed an appeal against a revision order passed by the Pr.CIT under Section 263 of the Income Tax Act for A.Y. 2017-18. During the hearing, the assessee's authorized representative requested to withdraw the appeal, submitting a letter dated 07-01-2025.
Held
The Income Tax Appellate Tribunal accepted the assessee's request to withdraw the appeal, as the Revenue had no objections. Consequently, the appeal was treated as withdrawn and dismissed.
Key Issues
Whether the assessee's request to withdraw the appeal against the revision order under Section 263 of the Income Tax Act should be allowed.
Sections Cited
Income Tax Act, Section 263
AI-generated summary — verify with the full judgment below
Income Tax Appellate Tribunal, PANAJI BENCH
Before: SHRI PAVAN KUMAR GADALE & SHRI G D PADMAHSHALI
IN THE INCOME TAX APPELLATE TRIBUNAL PANAJI BENCH PANAJI BEFORE SHRI PAVAN KUMAR GADALE, JUDICIAL MEMBER & SHRI G D PADMAHSHALI ACCOUNTANT MEMBER I T A. Nos. 50/PAN/2022 (A.Y. 2017-18 ) M/s Laxmi Jewels, Vs Pr.CIT, Shop no.78,Nova Mercado Aaykar Bhawan, . Building, EDC Complex, Francisco Loyola Road, Patto Plaza, Margo-403601, Panaji-403001, Goa. Goa. . PAN/GIR No. AAFFK4358K (अपीलाथ�/Appellant) (��यथ�/Respondent)
Assessee by Shri.D.E.Robinson.AR Revenue by Shri.Captain Pradeep Arya CIT-DR सुनवाई क� तार�ख/Date of Hearing 08.01.2025 घोषणा क� तार�ख/Date of Pronouncement 08.01.2025 ORDER PER PAVAN KUMAR GADALE JM: The appeal is filed by the assesse against the revision order u/sec 263 of the Act passed by the Pr.CIT Panaji Goa. 2. At the time of hearing, the Ld.AR submitted that the assesse wants to withdraw the appeal and has filed a letter dated 07-01-2025 signed by the partner of the assessee firm mentioning the withdrawal of the above
2 ITA. No.50 /PAN/2022 M/s Laxmi Jewels. appeal filed before the Hon’ble Tribunal and the Ld. DR has no objections. Accordingly, the appeal filed by the assesse is treated as withdrawn and is dismissed.
Order pronounced in the open court on 08.01.2025.
Sd/- Sd/- (GD PADMAHSHALI) (PAVAN KUMAR GADALE) ACCOUNTANT MEMBER JUDICIAL MEMBER
Panaji Dated: 08/01/2025
Copy of the Order forwarded to: 1. The Appellant, 2. The Respondent 3. The CIT(A)- 4. CIT 5. DR, ITAT 6. Guard file. //True Copy//
BY ORDER, (Asstt. Registrar)ITAT, Panaji
3 ITA. No.50 /PAN/2022 M/s Laxmi Jewels.
Initial Date 1. Draft dictated on PS 2. Draft placed before author PS
Draft proposed & placed before PS the second member 4. Draft discussed/approved by PS Second Member. 5. Approved Draft comes to the PS Sr.PS/PS 6. Kept for pronouncement on 7. File sent to the Bench Clerk 8. Date on which file goes to the AR 9. Date on which file goes to the Head Clerk. 10. Date of dispatch of Order. 11. Dictation Pad is enclosed
