CHANDRAKALA RESORT HOTELS LIMITED,CHENNAI vs. ACIT, CHENNAI

This appeal by the assessee is directed against the order passed by the learned Commissioner of Income Tax (Appeals)-1, Chennai dated 25.5.2015 in New No. ITA 76/CIT(A)-1/2010-11 for the assessment year 2005-06 passed U/s.143(3) r.w.s. 147 of the Act.

At the outset, the Ld.AR submitted before us that the assessee desires to withdraw the appeal filed by the assessee. The assessee also submitted a letter dated 06th August 2018 before us requesting for dismissing the appeal filed by it as ‘Not Pressed’. The extract of the letter dated 06.08.2018 is reproduced herein below for reference: “Reg: Chandrakala Resort Hotels Limited / PAN: AAACC2149P – Appeal before the ‘B’ Bench of the Income- tax Appellate Tribunal, Chennai – – Assessment year 2005-2006 The above appeal filed by our Company stands posted for hearing before the ‘B’ Bench of the Hon’ble Tribunal on Monday, the 13th August 2018 at 10.30 a.m. We are enclosing a Petition praying for dismissal of the appeal as ‘Not Pressed’ and request you to kindly place the same before the Hon’ble Members.

The Ld.DR did not raise any objection for withdrawing the appeal.

After hearing both sides, considering the prayer of the Ld.AR, we hereby dismiss the appeal of the assessee as withdrawn.

In the result, the appeal filed by the assessee is dismissed as withdrawn.