HARSHA BUILTCOM PVT. LTD.,NEW DELHI vs. ITO, WARD- 11(1), NEW DELHI

At the outset, ld. AR submitted that this appeal was preferred against the order of the CIT(A) when the CIT(A) refused to entertain the appeal which was presented in physical form, but subsequently, when the assessee filed the appeal in electronic form, the CIT(A) admitted the same and granted relief to the assessee by deleting the addition of Rs.2,08,63,791/- made by the Assessing Officer u/s. 23(i)(a) of the Income-tax Act on account of income from house property calculated on unsold property held in stock-in-trade. In these circumstances, ld. AR sought permission to withdraw the appeal stating that in so far as the grievance of the assessee in respect of ground No. 5 is concerned, ld. CIT(A) disposed it of on merits and should there be any grievance the assessee had in that respect, it would pursue the remedies against the order disposing of the appeal on merits.

Ld. DR reports no objection to permit the assessee to withdraw the appeal. Recording the same, the appeal is dismissed as withdrawn.

In the result, the appeal of assessee is dismissed.

Order was pronounced on conclusion of virtual hearing in presence of both the parties on 8th February, 2021 .