CHEMSTAR ORGANICS (INDIA) LTD,MUMBAI vs. PR CIT I, MUMBAI
In favour of the Revenue: the assessee's appeal was dismissed. From the AI summary of this appeal.
What did the Tribunal hold?
The Tribunal considered the rival submissions and the assessee's application for withdrawal. With no objection from the Revenue, the assessee was permitted to withdraw the appeal.
What were the facts?
The assessee company was aggrieved by an order passed by the Principal Commissioner of Income Tax invoking revisional jurisdiction under Section 263 of the Income Tax Act. During the appeal hearing, the assessee requested permission to withdraw the appeal.
What were the issues?
Whether the assessee should be permitted to withdraw its appeal against the revisional order passed under Section 263.
Which sections of the Income-tax Act were involved?
AI-generated summary — verify with the full judgment below
Income Tax Appellate Tribunal, MUMBAI BENCHES, ‘C’ MUMBAI
Before: Shri Joginder Singh, & Shri Manoj Kumar Aggarwal
आदेश / O R D E R Per Joginder Singh (Judicial Member) The assessee is aggrieved by the impugned order dated 27.03.2015 of the Ld. Pr. Commissioner of Income Tax, invoking revisional jurisdictional u/s 263 of the Income Tax Act, 1961 (hereinafter the Act) 2. During hearing of this appeal Ld. counsel for the assessee Shri Satish Mody has filed an application, duly signed by Managing Director of the assessee company with the request that the assessee may be permitted to withdraw the appeal. The Ld. CIT-DR, Ms. Sunita Billa, had no objection to the request of the assessee. 2.1. We have considered the rival submissions and perused application of the assessee. Considering the request of the assessee and no objection from the Ld. CIT DR, the assessee is permitted to withdraw the appeal, consequently, the appeal of the assessee is dismissed as withdrawn. Finally, the appeal of the assessee is dismissed as withdrawn. This Order was pronounced in the open court in the presence of Ld. CIT DR on 07/03/2017. Sd/- Sd/- (Manoj Kumar Aggarwal) (Joginder Singh) ऱेखा सदस्य / ACCOUNTANT MEMBER न्याययक सदस्य /JUDICIAL MEMBER भुिंफई Mumbai; ददनािंक Dated : 07/03/2017 Biwajit, Sr. P.S/.यन.स.
M/s Chemstar Organics (India) Ltd. आदेश की प्रयिलऱपप अग्रेपषि/Copy of the Order forwarded to : अऩीराथी / The Appellant (Respective assessee) 1. 2. प्रत्मथी / The Respondent. आमकय आमुक्त(अऩीर) / The CIT, Mumbai. 3. 4. आमकय आमुक्त / CIT(A)- , Mumbai, ववबागीम प्रयतयनगध, आमकय अऩीरीम अगधकयण, भुिंफई / DR, 5. ITAT, Mumbai गार्ा पाईर / Guard file. 6.
More judgments on Section 263
- Gillette India Limited, Mumbai vs Principal Commissioner of Income Tax, JaipurITA 1316/JPR/2026[2018-19]Status: Disposed16 Oct 2026AY 2018-19
- Neo Structo Construction P. Ltd., Ahmedabad vs The Pr. CIT- 3, AhmedabadITA 1216/AHD/2026[2015-2016]Status: Disposed16 Oct 2026AY 2015-2016
- Vimal Harilal Baldania, Gandhidham vs The ITO Ward 2, GandhidhamITA 770/RJT/2025[2017-18]Status: Disposed15 Oct 2026AY 2017-18
- J.D. Marketing, Kolkata vs ITO, Ward 37(1), KolkataITA 1493/KOL/2026[2015-2016]Status: Disposed15 Oct 2026AY 2015-2016
- J.D. Marketing, Kolkata vs ITO, Ward 37(1), KolkataITA 1492/KOL/2026[2013-2014]Status: Disposed15 Oct 2026AY 2013-2014
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