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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 Consequently, the appeal was treated as withdrawn and dismissed.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
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Income Tax Appellate Tribunal, PANAJI BENCH
Before: SHRI PAVAN KUMAR GADALE & SHRI G D PADMAHSHALI
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.
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 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 Accordingly, the appeal filed by the assesse is treated as withdrawn and is dismissed.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.