COLORCON ASIA PVT LTD.,SOUTH GOA vs. DCIT, CIRCLE (1), PANAJI, PANAJI
Facts
The assessee, Colorcon Asia Pvt Limited, filed two appeals before the ITAT Panaji Bench against separate orders of the National Faceless Appeal Centre (NFAC)/CIT(A) pertaining to AY 2017-18 and 2018-19. Prior to the hearing, the assessee submitted letters formally withdrawing both appeals.
Held
The Income Tax Appellate Tribunal (ITAT) noted the assessee's formal withdrawal of the appeals and the Revenue's lack of objection. Consequently, the Tribunal treated the appeals as withdrawn and proceeded to dismiss them.
Key Issues
Maintainability of appeals after the assessee's formal withdrawal.
Sections Cited
Section 250 of the Income Tax Act
AI-generated summary — verify with the full judgment below
Income Tax Appellate Tribunal, PANAJI BENCH PANAJI
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. 177&178/PAN/2023 (A.Y. 2017-18 &2018-19) Colorcon Asia Pvt Limited, Vs DCIT-Circle 1(1), Plot.No. M14-M18, Panaji-403001, . Verna Industrial Estate, Goa. Salcete, south Goa-403722, . Goa. PAN/GIR No. AAACC2281Q (अपीलाथ�/Appellant) (��यथ�/Respondent)
Assessee by None(Letter 23-12-2024) Revenue by Mr.Satish .M. CIT-DR
सुनवाई क� तार�ख/Date of Hearing 01.01.2025 घोषणा क� तार�ख/Date of Pronouncement 01.01.2025 ORDER PER BENCH: These two appeals are filed by the assesse against the separate orders of the National Faceless Appeal Centre (NFAC), Delhi / (CIT(A) passed u/sec 250 of the Act. 2. At the time of hearing, it was brought to the knowledge, that the assesse has filed separate letters on 23-12-2024 mentioning the withdrawal of the above appeals filed before the Hon’ble Tribunal and the Ld. DR has no
2 ITA. No.177&178 /PAN/2023 Colorcon Asia Pvt Limited. objections. Accordingly, the appeals filed by the assesse are treated as withdrawn and are dismissed.
Order pronounced in the open court on 01.01.2025.
Sd/- Sd/- (GD PADMAHSHALI) (PAVAN KUMAR GADALE) ACCOUNTANT MEMBER JUDICIAL MEMBER Panaji Dated: 01/01/2025
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.177&178 /PAN/2023 Colorcon Asia Pvt Limited. 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
