FIDELITY MULTITRADE P.LTD,MUMBAI vs. ITO WD 1(1)(3), MUMBAI

This appeal by the assessee is directed against the order passed under section 263 of the Income Tax Act, 1961 (in short, 'the Act') vide order dated 20.03.2015 for A.Y. 2010-11. 2. At the outset of hearing of the appeal today, the learned counsel for the assessee submitted a letter dated 03.10.2016 addressed to the Bench by the Director of the assessee company seeking permission to withdraw this appeal. This letter reads as under: - “October 3, 2016

The Hon'ble Members Income Tax Appellate Tribunal Mumbai Bench “F” Mumbai

Re: Fidelity Multitrade Pvt. Ltd. ITA No.: 3114/Mum/2015 (Assessment Year: 2010-11) Sub: Request for permission for withdrawal of appeal

M/s. Fidelity Multitrade P. Ltd. MAY IT PLEASE YOUR HONOURS

This has reference to the captioned appeal hearing of which is fixed before Your Honours on 03.10.2016. In this connection we, the appellant, crave leave of Your Honour for withdrawal of the said appeal.

Your Honours’ faithfully,

For Fidelity Multitrade Pvt. Ltd. Sd/- Director Appellant” 3. In view of the letter of the Director of assessee company (supra), we dismiss this appeal of the assessee for A.Y. 2010-11 (including the grounds raised

) as withdrawn.