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Income Tax Appellate Tribunal, B Bench, Mumbai
Before: Shri Joginder Singh & Shri Rajesh Kumar
This appeal is preferred by the assessee against the order of the CIT(A)-37, Mumbai dated 28.07.2014.
Assessee has raised three grounds of appeal regarding; (i) confirmation of disallowance of purchases amounting to `41,58,604/-, (ii) confirmation of disallowance of membership fee & subscription fees of `11,00,000/- paid to Jain International Trade Organization, and (iii) confirmation of addition of receipts of `19,50,000/- as income under Section 68 of the Income Tax Act, 1961.
Vide letter dated 17th January, 2018 the assessee moved an application for withdrawal of its appeal to which Revenue has no objection.
M/s. Navkar Ispat Ltd. We, therefore, allow assessee to withdraw its appeal. Accordingly this appeal is dismissed as withdrawn.