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Income Tax Appellate Tribunal, “E” BENCH, MUMBAI
Before: SHRI SANJAY ARORA, AM & SHRI PAWAN SINGH, JM
Per Sanjay Arora, A. M.: This is an Appeal by the Assessee directed against the Order by the Principal Commissioner of Income Tax (Central)-3, Mumbai (‘PCIT’ for short) dated 30.3.2015, subjecting its’ assessment u/s.143(3) of the Income Tax Act, 1961 (‘the Act’ hereinafter) for the assessment year (A.Y.) 2011-12 vide order dated 28.3.2013 to revision.
At the very outset, it was submitted by the ld. Authorized Representative (AR), the assessee’s counsel, that the assessee wishes to withdraw its’ instant appeal, toward which it has filed a separate application (withdrawal letter dated 16.5.2016 placed on 2 Sumer Corporation vs. The Principal CIT (Central) record). The instant appeal impugns the revisionary order u/s. 263 of the Act. The assessment stands made since, she would further continue, accepting the assessee’s claims, so that the instant appeal becomes infructuous. The ld. Departmental Representative (DR) on being queried by the Bench, did not raise any objection in the matter.
We have heard the parties, and perused the material on record. In view of the foregoing, we see no reason not to accept the assessee’s application for the withdrawal of its’ appeal; the same causing no prejudice to either side. The same is, accordingly, dismissed as withdrawn. In the result, the assessee’s appeal is dismissed in limine.
Order pronounced in the open court on May 31, 2016 (Pawan Singh) (Sanjay Arora) "या"यक सद"य / Judicial Member लेखा सद"य / Accountant Member मुंबई Mumbai; "दनांक Dated : 31.05.2016 व."न.स./Roshani, Sr. PS आदेश क" ""त"ल"प अ"े"षत/Copy of the Order forwarded to : अपीलाथ" / The Appellant
""यथ" / The Respondent 2. आयकर आयु"त(अपील) / The CIT(A) 3. आयकर आयु"त / CIT - concerned
"वभागीय ""त"न"ध, आयकर अपील"य अ"धकरण, मुंबई / DR, ITAT, Mumbai 5. गाड" फाईल / Guard File 6. आदेशानुसार/ BY ORDER, उप/सहायक पंजीकार (Dy./Asstt.