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Income Tax Appellate Tribunal, MUMBAI BENCH “G”, MUMBAI
Before: SHRI C.N. PRASAD, HONBLE & SHRI N.K. PRADHAN, HONBLEShri Prayagdham Trust v.
Date of Hearing : 03.04.2018 Date of Pronouncement : 03.04.2018 O R D E R PER C.N. PRASAD 1. This appeal is filed by the assessee against the order of the Learned Commissioner of Income Tax (Appeals)-1, Mumbai dated 10.05.2016 for the Assessment Year 2010-11.
Assessee by letter dated 02nd April, 2018 requested for withdrawal 2. of appeal for the reason that the Hon'ble Tribunal vide order dated 31.10.2017 already dismissed the appeal of the Revenue whereby the Ld.CIT(A) allowed the assessee’s claim for carry forward of deficit for the (A.Y: 2010-11) Shri Prayagdham Trust year under consideration. It is further stated that since the deficit was allowed to be carried forward also includes the claim for depreciation, the assessee is no longer aggrieved and wish to withdraw the appeal. In view of the above letter and reason given by the assessee for withdrawal, we dismiss the appeal of the assessee as withdrawn.
In the result, appeal of the assessee is dismissed.
Order pronounced in the open court on the 03rd April, 2018.