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Income Tax Appellate Tribunal, “A” BENCH, PUNE
Before: SHRI R.K. PANDA & MS. ASTHA CHANDRA
आदेश / ORDER
PER ASTHA CHANDRA, JM :
The appeal filed by the assessee is directed against the order dated 12.01.2024 of the Ld. Commissioner of Income Tax (Appeals)/NFAC, Delhi [“CIT(A)”] pertaining to Assessment Year (“AY”) 2018-19.
The assessee has taken the following grounds:-
“1. The Learned Commissioner of Income Tax-Appeal has erred in law and in fact in making addition of "Sundry Balance Written Off" is disallowed and amounting to Rs.90,61,282/-. Your appellant prays that the addition of Rs.90,61,282/- shall be deleted.
2. The Learned Commissioner of Income Tax-Appeal has erred in law and in fact in making addition of Interest received amounting to Rs.28,28,014/-. Your appellant prays that addition of Rs.28,28,014/- made on account of interest on loans shall be deleted.
On the facts and the circumstances of the case, the learned Assessing Officer erred in initiating the penalty proceedings under section 270A of the Act." Your appellant prays that the initiation of penalty proceedings under section 270A of the Act made by learned AO shall be dropped.
4. Your Appellant craves leave to add, amend, alter, change or cancel any of the above grounds of appeal on or before the date of hearing.”
3. Vide letter dated June 17, 2024 addressed to the Registry, the assessee sought to withdraw the appeal on the ground that the assessee has filed the appeal with Mumbai, ITAT which is duly registered and heard on 28th May, 2024.
The appeal before us came up for hearing on 20th June, 2024. None was present for the assessee. However, Shri Pawan Bharati attended for the Department.
Having regard to the application moved by the assessee for withdrawal of the appeal for which the Ld. DR had no objection, we hereby dismiss the appeal as withdrawn.
In the result, the appeal of assessee is dismissed.
Order pronounced in the open court on 26th June, 2024.