ROSEWOOD MERCANTILE PVT. LTD.,KOLKATA vs. PCIT, -1, KOLKATA, KOLKATA

This appeal has been filed by the assessee relating to Assessment Year 2010-11 is directed against the order passed by Commissioner of Income Tax-1, Kolkata u/s 263 of the Income Tax Act, 1961 (hereinafter referred to as ‘the Act’) vide his order dated 25.03.2015. Shri Ashis Bajaj, Ld. Authorized Representative appeared on behalf of assessee and Shri Niraj Kumar, Ld. Departmental Representative appeared on behalf of Revenue.

At the outset, Ld. counsel for the assessee filed an application dated 16.01.2017 wished to seek permission for withdrawal of the appeal regarding cited case law of A.Y. 2010-11 Rosewood Mercantile Pvt. Ltd. Vs. Pr. CIT-1 Kol. Page 2 jurisdictional High Court in the case of K.P.Jain vs. CIT (2011) 202 Taxman 244 (Cal) and Ld. DR has not objected the withdrawal of the same. As there is no objection from the Revenue, we permit the withdrawal of assessee’s appeal. Accordingly, this appeal of assessee is dismissed as withdrawn.

In the result, assessee’s appeal stands dismissed as withdrawn. Order pronounced in open court on 17/01/2017