THAKKAR TRADING PRIVATE LIMITED,MUMBAI vs. PRINCIPAL COMMISSIONER OF INCOME TAX-RANGE 8, MUMBAI

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ITA 3093/MUM/2016Status: DisposedITAT Mumbai26 April 2017AY 2011-123 pages
AI SummaryWithdrawn

What did the Tribunal hold?

The tribunal permitted the assessee to withdraw the appeal. The appeal was consequently dismissed as withdrawn.

What were the facts?

The assessee filed an appeal against an order passed under Section 263 of the Income Tax Act. During the hearing, the assessee requested to withdraw the appeal.

What were the issues?

The primary issue was the assessee's request to withdraw the appeal after the Assessing Officer accepted their contentions in the consequential proceedings.

Which sections of the Income-tax Act were involved?

Section 263,Section 143(3)

AI-generated summary — verify with the full judgment below

Income Tax Appellate Tribunal, MUMBAI BENCH “E”, MUMBAI

Before: SHRI G.S.PANNU & SHIR C.N. PRASAD

For Appellant: Shri Hormuzd Jamshedji
Hearing: 06/04/2017Pronounced: 26/04/2017

आदेश / O R D E R PER C.N.PRASAD [J.M.] This appeal is filed by the Assessee against the order of the Ld. Principal Commissioner of Income Tax-8, Mumbai dated 23.03.2016 for the assessment year 2011-12 passed u/s 263 of the Act.

2.

At the time of hearing, the Ld. Counsel for the Assessee filed letter dated 04.04.2017 requesting to withdraw the said appeal as the Assessing Officer has accepted the contentions of the Assessee and no additions were made while passing the assessment order u/s 143(3) r.w.s. 263 of the Act. The Ld. Counsel

1.

M/s Thakkar Trading Pvt. Ltd. submits that since the Assessee got relief in the consequential proceedings to 263 Order, the Assessee may be permitted to withdraw the appeal to which the Ld. DR has no objection.

3.

Having heard the rival submissions, we permit the Assessee to withdraw the appeal. Hence this appeal is dismissed as withdrawn.

Order pronounced in the open court on the 26th day of April 2017.

Sd/- Sd/- (G.S.PANNU) (C.N.PRASAD) लेखा सदस्य / न्याधयक सदस्य / ACCOUNTANT MEMBER JUDICIAL MEMBER मुंबई / Mumbai; दिनाुंक / Dated 26.04.2017 LR, SPS

M/s Thakkar Trading Pvt. Ltd.

आदेश की प्रधिधलधप अग्रेधिि / Copy of the Order forwarded to :

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