SMT. JAG ROSHANI,DELHI vs. PR. CIT, NEW DELHI

PER CHANDRA MOHAN GARG, JUDICIAL MEMBER Captioned appeals have been filed against the order of the Pr. CIT, New Delhi both dated 26.3.2015 for asstt. year 2011-12. passed u/s 263 of the Income Tax Act 1961 (for short the Act). However in the beginning of the arguments the Ld. Counsel for the appellants submitted that since the AO on 29.3.2016 has passed assessment order u/s 143(3) r.w.s. 263 of the Act and the assesses are satisfied with the assessment orders passed in pursuant to the impugned order of PCIT therefore appeals do not want to further agitate the issue before this Tribunal and the appellants may kindly be allowed to withdraw these appeals. Ld. DR submitted that the department has no objection if the appellants are allowed to withdraw their appeals and appeals may kindly be dismissed as withdrawn first.