SRI GOPAL INVESTMENTS VENTURES LTD.,KOLKATA vs. PCIT, CEN-2, KOLKATA, KOLKATA

This appeal by assessee is arising out of revision order of CIT, Central, Kolkata- 2, Kolkata passed u/s. 263 of the Act vide F No. PCIT Central,Kol-2/263/2014-15/6332- 34 dated 27/31.03.2015. Assessment was framed by ACIT, CC-XXI, Kolkata u/s. 143(3) of the Income-tax Act, 1961 (hereinafter referred to as “the Act”) for Assessment Year 2010-11 vide his order dated 18.12.2012.

At the time of hearing no one was appeared for and on behalf of the assessee but an application for withdrawal dated 24.01.2017 has been placed on record. Vide this application, it was submitted that the assessee firm wishes to withdraw the appeal since the assessment proceedings u/s. 263/143(3) has been duly completed on 27.01.2016 and the order for the above has been accepted by the assessee. Ld. Sr. DR has not raised any objection to this prayer for withdrawal. Hence, we permit the withdrawal and dismiss this appeal of assessee as withdrawn. 3. In the result, appeal of assessee is dismissed as withdrawn. 4. Order is pronounced in the open court. Sd/- Sd/- (N. V. Vasudevan) (M. Balaganesh) Judicial Member Accountant Member Dated : 25th January, 2017 Jd.(Sr.P.S.)